income tax

Following weeks of speculation about what he might do when it reached his desk, Gov. Bob Ferguson has now signed the so-called millionaires tax into law.

Lawmakers in Olympia have introduced legislation to tax the income of highly paid hospital administrative employees. Democrats have also introduced legislation that would increase the capital gains tax rate and lower the value exemption even before the State Supreme Court issued a final ruling on last month.

The 7-2 decision affirming the law means there'll be a 7 percent tax on sales of stocks or bonds totaling more than $250,000 beginning this year.

Republicans in the State House have introduced a bill that would ban a state income tax by creating a constitutional amendment. Ellensburg Representative Matt Manweller said this would settle the issue once and for all. "The people have spoken repeatedly about an income tax...