“These industrious taxpayers consider tax law when making plans for the future of their companies and ranches, and the tax imposed by ESSB 5096 has already hit their bottom lines. Even before the tax has been assessed, it is already affecting decisions about the sale of business assets, the timing of gain realization, whether to invest in non-exempt capital assets, and whether to move their businesses and ranches out of state are being made.”
Learn more about the Building Industry Association of Washington (BIAW) and the Washington Cattlemen’s Association (WCA) filing the second amicus brief today opposing the new capital gains income tax by clicking here.
Comments