Second Real Estate Excise Tax Would Hurt Housing Affordability

Second Real Estate Excise Tax Would Hurt Housing Affordability

A cascade of reports and analyses have already established that Washington State's Growth Management Act and its implementation locally drives up housing costs in Seattle...
Overtime Session Foreshadows An Even Bigger Budget Challenge In 2017

Overtime Session Foreshadows An Even Bigger Budget Challenge In 2017

As the state Legislature heads into a special session to conclude negotiations on mid-course adjustments to the $38 billion 2015-2017 state budget, some lawmakers...
Economic Lubricants Would Get Blow-Dried

Economic Lubricants Would Get Blow-Dried

Where one may see a tax preference, another may construe a tax incentive. Washington retailers, distributors, service providers and financial institutions through current state tax...
(A) There's Movement On Budget Stalemate, As Special Session Opens Monday

There’s Movement On Budget Stalemate, As Special Session Opens Monday

Introduced Friday on the first day of an overtime session, Washington State Senate Republicans’ new supplemental budget proposal includes $145 million more in spending...
Tech Investors Wary Of New Taxes

Tech Investors Wary Of New Taxes

As the campaign season develops, some urban and Western Washingtonians may be hearing talk of a capital gains tax or a progressive income tax....
House Budget Funding Bill Faces Uncertain Future

House Budget Funding Bill Faces Uncertain Future

With the state House proposed 2017-19 operating budget approved last week, eyes are now fixed on legislation needed to fund it. HB 2186 received...
Seattle: Don’t like our income tax? Move to Bellevue

Seattle: Don’t like our income tax? Move to Bellevue

If you don’t like Seattle’s income tax, then you can get out. It’s a sentiment perhaps more appropriate for an episode of South Park, but...
: No new taxes in Senate budget proposal

No new taxes in Senate budget proposal

The state legislative session is likely to end on exactly the opposite note as last year’s: on time and without new taxes. That is...
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Lens Video: Head tax- Sending the right message to business

"It's not as if they (the Seattle City Council) had a change of mind, so I worry that we will see some other form of anti-growth, anti-jobs tax that will replace this one" -State Sen. Steve O'Ban (R-28)
Investing in rural Washington

Investing in rural Washington

Though Washington is ranked by WalletHub as having the best state economy in the nation, often lost in the mix is the growing inequity...

Legislature approves new taxes, $7.7 billion spending increase

While Washingtonians slept, the state legislature this weekend approved a $52.8 billion 2019-21 operating budget that includes a slew of new taxes, some of...
Hazardous Waste Tax revenue spike expected after rate hike

Hazardous Waste Tax revenue spike expected after rate hike

Last year, the state legislature approved a rate hike for the Hazardous Substance Tax (HST) that funds toxic site cleanup, among other things. As...

Bottom-Up Rumblings On Washington Taxes

Turning heads statewide recently was the unanimous decision by the seven-member City of Spokane Valley to enact a new hurdle for that body to...
Ensuring Washington’s future business competitiveness

Ensuring Washington’s future business competitiveness

Momentum is picking up against the city of Seattle’s progressive income tax as business leaders, former state officials and venture capitalists seek to insulate...
Court says Ecology overreached with Clean Air Rule

Court says Ecology overreached with Clean Air Rule

A Thurston County Superior Court judge ruling on Friday invalidated the state Department of Ecology’s Clean Air Rule due to a lack of statutory...
Supplemental budget tax-free, no B&O relief

Supplemental budget tax-free, no B&O relief

The Washington legislature has agreed to a supplemental operating budget for the 2017-19 biennium that does not include new taxes as originally proposed in...
Do carbon taxes work?

Do carbon taxes work?

A question some voters might have before voting on Initiative 1631 creating a $15-per-ton tax on carbon is whether it will actually work in...
LCFS proposal advances from House

LCFS proposal advances from House

After a lengthy debate on Mar. 12 that included over half a dozen amendments added to the bill, state House lawmakers voted 53-43 in...
Plaintiffs warn of "grave financial for Sound Transit," offer settlement

Plaintiffs warn of “grave financial doom for Sound Transit,” offer settlement

Just days after the State Supreme Court heard oral arguments in a lawsuit against Sound Transit’s ST3 motor vehicle excise tax (MVET), the plaintiffs...
High court upholds ST3 car tab tax

High court upholds ST3 car tab tax

The Washington State Supreme Court ruled this week in a 7-2 decision that a provision in a 2015 state law authorizing the ST3 motor...

Inslee Seeks Tax Hike For Environment Fund

Governor Jay Inslee in his 2017-19 capital budget is proposing to raise Washington's Hazardous Substances Tax (HST), to bring revenue for the Model Toxics...

Hirst impact study reveals troubling tax implications

A recent economic impact study found that the 2016 Washington Supreme Court decision in Whatcom County v. Eric Hirst will likely increase real estate taxes...
Patient giving blood

Business stakeholders wary of reinsurance bill

Business representatives are voicing concerns that a new bill related to health care reinsurance would mean yet another cost burden on small businesses and...
Closing the lid on soda tax

Closing the lid on soda tax

As Seattle’s business community pushes back against a proposed head tax, a coalition of employers and workers unions wants to quarantine the city’s soda...
State revenue good, tariff impacts uncertain

State revenue good, tariff impacts uncertain

Washington state continues to receive surplus revenue, while the impact of new retaliatory tariffs on exports remains uncertain. That was the takeaway from the...
Senate bill would change state tax structure

Senate bill would change state tax structure

Despite a nearly $4.46 billion revenue increase from the 2017-19 biennium, some state lawmakers have introduced proposals to restructure Washington’s tax system. Among them...
Lawsuit challenges “title-only” bills

Lawsuit challenges “title-only” bills

In the last days of this year’s legislative session, state lawmakers – without any prior discussion – introduced and passed a new tax on...
Roads: The New Utility

Roads: The New Utility

Washington's gas tax was finally raised again last year by lawmakers as part of a 16-year, $16 billion transportation funding package for roads, transit...
Luring Major U.S. Export Industry To Washington

Luring Major U.S. Export Industry To Washington

In 2016, the semiconductor manufacturing industry exported $43.1 billion worth of product, making it the third most lucrative U.S. export. A new report by...
cargo ship

Harbor Maintenance Tax: A competitive challenge

The Harbor Maintenance Tax (HMT) is just one reason why Washington ports have been losing business to competition in Canada or other West Coast ports....
House budget includes capital gains tax

House budget includes capital gains tax

The House’s proposed supplement operating budget released Feb. 20 doesn’t spend nearly as much as its companion proposal in the Senate, but it assumes...
Worries linger over Washington’s economy growth

Worries linger over Washington’s economic growth

The city of Seattle’s short-lived head tax may be dead, but for some state officials a cloud of uncertainty still hangs over the long-term...
Funding raids endanger Washington infrastructure

Funding raids endanger Washington infrastructure

As part of the McCleary compromise to fully fund basic education, the state legislature has dipped repeatedly into several accounts outside the general fund....
Lawmakers approve tax exemption extension

Lawmakers approve tax exemption extension

While Washington state lawmakers have approved a list of new taxes as part of the 2019-21 operating budget, one industry managed to receive a...
LCFS, round three

LCFS, round three

Though state lawmakers for the past two years have unsuccessfully tried to enact a low carbon fuel standard (LCFS) in an effort to reduce...

Stage Set For Two State Budget Battles

The Washington legislature already faces a projected $2.6 billion deficit for the 2019-21 biennial budget, as it digs in this coming January to fashion...
Is Washington’s Tax System Really “Regressive”?

Is Washington’s tax system really “regressive”?

Although businesses pay over half the taxes collected by the state and local governments, a frequent claim among some tax reform advocates is that...
Outside shot of Key Arena

KeyArena Renovation: potential boon for local economy

Seattle city leaders have approved a memorandum of understanding (MOU) with Los Angeles-based Oak View Group (OVG) to renovate KeyArena with the hope of...
Roadmap for Sound Transit future

Roadmap for Sound Transit future

Puget Sound drivers who want a reduced ST3 car tab tax may have to get as loud as the Seahawks stadium at gametime if...
Treading lightly on tax reform

Treading lightly on tax reform

A state House work group has held public meetings this year to discuss problems with Washington’s tax structure and potential regulatory changes. While those...
Will low carbon fuel standard move forward?

Will low carbon fuel standard move forward?

Now that a state House bill creating a low carbon fuel standard (LCFS) has cleared that chamber, it remains to be seen whether its...
Capital gains income tax proposals loom next session

Capital gains income tax proposals loom next session

This year’s legislative session saw several unsuccessful proposals to enact a capital gains income tax. Comments made by lawmakers at a Sept. 13 House...
Hefty bank tax stands as judge upholds title-only bills

Hefty bank tax stands as judge upholds title-only bills

This legislative session three bills proposing to end the use of title-only legislation failed to clear their original committees prior to the cutoff date....
Tax Incentives Could Help North Pacific Fishing Fleet Rebuilders Net A Big Catch

Tax Incentives Could Help North Pacific Fishing Fleet Rebuilders Net A Big Catch

The Seattle-based North Pacific fishing fleet is expected to get $1.6 billion in upgrades or rebuilding over the next decade, but in-state ship builders...
Lawmakers investigate Sound Transit 3

Lawmakers investigate Sound Transit 3

Months following a strong public backlash to Sound Transit’s new motor vehicle excise (MVET) tax for ST3, state lawmakers this week commenced formal investigations...
Tax credit proposed to aid rural broadband

Tax credit proposed to aid rural broadband

One Washington telecom provider wants all state residents to have high-speed internet access by 2028. It’s a goal driven primarily by uneven broadband access,...
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Lens Video: Labor weighs in on proposed head tax

Lens attended the Seattle City Council's Finance and Neighborhoods public hearing and asked Chris McClain, Business Manager for Iron Workers Local Union 86, his...
Voters reject carbon tax

Voters reject carbon tax

Washingtonians overwhelming rejected a proposed carbon tax via Initiative 1631 during Tuesday’s election – by a 56-44 percent margin. Despite numerous failed efforts to enact...
Senate approves House timber bill

Senate approves House timber bill

The Washington Senate on April 16 voted 47-1 in favor of a bill intended to boost the timber industry in rural counties with higher...
State grappling with forecasted revenue shortfalls

State grappling with forecasted revenue shortfalls

Although a new report by the state Economic and Revenue Forecast Council (ERFC) estimates state tax collections will increase $300 million for the 2019-21...
Tax Climate At Ports: Changes Needed?

Tax Climate At Ports: Changes Needed?

Competition for container ships and their cargo traffic is growing, and the ports of Tacoma and Seattle know they can't stand still. East Asian...

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