- Washington State has enacted several tax-related bills to address a $16 billion budget gap.
- SB 5814 expands the sales tax to include digital advertising services, raising concerns about sourcing details.
- HB 2081 introduces B&O tax changes, including temporary and permanent rate increases for various business activities.
- SB 5418 expands the sales tax to cover personal, business, and professional services, effective October 1.
- SB 5813 establishes a new capital gains tax bracket of 9.9% for gains over $1 million, retroactive to January 1, 2025.
- The Department of Revenue will develop rules and policies for these changes, with ongoing policy discussions expected.
Source: gtlaw.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
