Katherine Jeffrey and Dana Reid, of Davis Wright Termaine LLP, have made available for download their article, “Impact of Washington State Capital Gains Tax on Trusts,” published in JDSupra. The abstract is as follows:
As a result of Governor Jay Inslee signing S.B. 5096 on May 4, 2021, Washington state will begin imposing a 7 percent tax on certain long-term capital gains beginning January 1, 2022. For a detailed overview of the new law, see Washington Enacts New Capital Gains Tax for 2022 and Beyond.
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal