SCOTUS Decision Could Come Soon on Taking Washington Tax Lawsuit

The Center Square YT

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November 27th, 2023

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The U.S. Supreme Court could decide as early as Dec. 11 whether it will take up a Washington lawsuit challenging the legality of the state’s capital gains tax, according to the Mountain States Policy Center. Enacted in 2021, the tax is on the income derived from the sale of capital gains, which the State Supreme Court ruled earlier this year is an excise tax.

The Center Square YT

The focus of The Center Square's work is state and local level government and economic reporting. A taxpayer sensibility distinguishes our work from other coverage of state and local issues. As a result of this approach, our audiences are better informed about the focus of state and local government and its cost to the citizens whose tax dollars fund governmental decisions.