OLYMPIA, Wash. (AP) — The Washington Supreme Court has agreed to review a decision by a lower court that overturned a new capital gains tax on high profit stocks, bonds and other assets. The court’s order means the case will be decided by the high court instead of first going to the Court of Appeals. A date for oral arguments has not yet been set. The measure in question imposed a 7% tax on the sale of stocks, bonds, and other high-end assets in excess of $250,000 for both individuals and couples. It was projected to bring in $415 million in 2023, the first year the state would see money from the tax.
Washington Supreme Court to decide capital gains tax case
