Transfers of real property to certain qualifying entities will no longer be subject to real estate excise tax in Washington State, effective on January 1, 2023. The Washington State Legislature passed Engrossed House Bill...more
6/17/2022
/ Affordable Housing ,
Covered Entities ,
Excise Tax ,
Income Taxes ,
IRS ,
Low Income Housing ,
New Legislation ,
State and Local Government ,
State Taxes ,
Tax Exemptions ,
Washington
The King County Superior Court held on November 17, 2017, that Seattle’s recently adopted city income tax is illegal under Washington law. The case was resolved on two alternative statutory grounds....more
The City of Seattle adopted Ordinance 125339 on July 14, 2017, which imposes an income tax on Seattle residents and certain irrevocable trusts. The Seattle income tax is imposed at a rate of 2.25% of a resident taxpayer’s...more