Group behind initiative to repeal capital gains tax clashes with AG over how it would appear on ballot

The group behind an initiative seeking to overturn Washington’s capital gains tax filed a challenge this week over how it would appear on the ballot.

New ballot initiative takes aim at Washington capital gains tax

Registered as I-1929, the ballot initiative would repeal SB 5096, which created a 7% tax on the sale or exchange of capital assets above $250,000. While the bill defines the levy as an excise tax, a Douglas County Superior Court judge ruled in early March that it qualified as a graduated income tax, which would violate Washington’s state constitution.

During the last legislative session, lawmakers approved a new measure that made Attorney General Ferguson

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