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WA Initiative 2109 - Repeal the capital gains excise tax
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> United States > Washington > Initiatives to the People > 2024 Initiatives > Initiative 2109 - Repeal the capital gains excise tax
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| Office | Referendum |
| Honorific | Referendum - Abbr: |
| Type | Referendum |
| Filing Deadline | May 01, 2024 - 12:00am Central |
| Polls Open | November 05, 2024 - 09:00am Central |
| Polls Close | November 05, 2024 - 10:00pm Central |
| Term Start | November 06, 2024 - 12:00pm |
| Term End | December 31, 3999 - 11:55pm |
| Contributor | RP |
| Last Modified | RP April 04, 2024 12:02pm |
| Data Sources | |
| Description |
This initiative would repeal the 7% capital gains excise tax imposed on sales and exchanges of long-term capital assets by individuals with capital gains over $250,000. Examples of sales that would be subject to the tax include stocks, bonds, business interests, or other investments and tangible assets.
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