Dear Friends and Neighbors,
In 2017, a provision was included in the state operating budget that created the Tax Structure Work Group “to identify options to make the Washington state tax code more equitable, adequate, stable and transparent.”
That work group is now holding virtual Tax Town Halls to gain input from taxpayers. There are two sessions for our region. Information and registration links below:
Obviously there are differences of opinion on the issue of taxes in our state. The majority party has passed new tax increases over the last three legislative sessions including a new income tax on capital gains. For a complete list of their recent tax increases click here.
In May, the work group released six tax scenarios, including a couple that would implement a personal income tax. The tax scenarios will be presented during the tax town halls.
If you are concerned about an income tax or want to discuss tax relief this is a good opportunity to do so. Our tax revenue has held strong during the pandemic, and before it hit we were experiencing record tax collections. On Friday, the Economic and Revenue Forecast Council announced the September revenue forecast continues a trend of incredibly strong tax revenue collections.
If you have questions you can contact the workgroup at: email@example.com.