sales and other state taxes for most of its revenue. Washington is one of nine states that does not have a state income tax and it also lacks a corporate income tax. A new report from the nonprofit Washington Research Council said that B&O taxes are ...

Tuesday night results for Initiative 2109 show the measure to repeal the capital gains tax is failing by a wide enough margin for backers of the

An initiative to repeal Washington’s capital gains tax, which levies a 7 percent tax on the sale or exchange of long-term assets like stocks, bonds and business interests, was failing Tuesday night.

By Grace Deng / Washington State Standard An initiative to repeal Washington’s capital gains tax, which levies a 7% tax on the sale or exchange of long-term assets like stocks, bonds and business interests,

Initiative 2109 would have repealed the state capital gains tax imposed annually on the sale or exchange of long-term Washington capital assets.

The capital gains tax, advocates say, allows the state to put more public dollars toward early learning. Others argue it hampers Washington’s business climate.

Washington voters on Tuesday preserved a controversial climate law that’s generated billions of dollars from polluters to fund the state’s fight against the harmful effects of climate change. Initiative 2117,

Voters in Washington state on Tuesday night upheld a groundbreaking climate law despite opposition from conservatives. The Associated Press has projected that a ballot initiative seeking to repeal the law has failed.