Seattle lawmakers reject capital gains tax proposal

Seattle lawmakers reject capital gains tax proposal ahead of final vote on the city budget
The Seattle City Council today narrowly defeated an effort to create a 2% capital gains excise tax on profits over $262,000 made from the sales of stocks and bonds.
Proposed Seattle capital gains tax fails to make it out of committee
(The Center Square) – A proposed local capital gains tax in Seattle failed to pass out of the Select Budget Committee. The tax would have imposed a local 2% capital gains excise tax applicable to non-retirement financial gains over $250,000.
Seattle could get its own baby capital gains tax
On Tuesday, Seattle City Councilmember Cathy Moore plans to present the city council with a new idea: A 2% capital gains tax. It’s a baby version of the 7% capital gains tax voters just upheld for Washington State.
Seattle council member jumps on capital gains bandwagon, proposes one for city residents
After WA voters rejected a measure to repeal the statewide capital gains tax, a Seattle City Council member plans to introduce a similar tax.
Seattle City Council to consider a city-level capital gains tax
Cathy Moore proposed the 2% tax to protect housing and food assistance programs, based on the statewide model 63% of voters opted to keep this election.
Seattle council member proposes tax for housing, nutrition help
The proposal comes just after Washington voters overwhelmingly rejected a ballot initiative to repeal the state's new capital gains tax.
Seattle Times20h
Seattle capital gains tax proposal rebuffed by City Council
Seattle won’t establish a capital gains tax at the city level, at least not now. In a close vote Tuesday, the City ...
KUOW6h
How the Seattle City Councils plans to patch a budget hole with JumpStart revenue
Seattle will use money originally earmarked for affordable housing to plug a $250 million hole in the city’s budget.
Capitol Hill Seattle Blog7d
Raiding JumpStart, new capital gains tax, Capitol Hill public safety line items on table in final Seattle 2025 budget push
The last big push of changes for the city’s 2025 $8.3 billion budget plan is underway as the Seattle City Council will host a ...
Seattle council OKs new budget, loosens JumpStart tax’s spending rules
Seattle will balance its budget in 2025 and may do so for years to come with help from its JumpStart payroll tax, the City ...
Seattle City Council narrowly rejects capital gains tax proposal
Budget deliberations found "there's not a lot to cut" in next year's budget. "So that does leave us at the point where we do ...