The Washington State Legislature passed a bill this April that issued a capital gains tax on individual state residents. Historically, Washington’s non-existent state income tax carried over into capital gains meaning Washington investors paid zero state tax on the sale of long-term stock. When the new 7% tax was first proposed, business owners and lobbyists … Continue reading Washington State’s Changes to Capital Gains Taxes Provides Exemption for Auto Dealers, What About Qualified Small Businesses (QSBs)?