JUST IN: In a ruling released Friday, the court upheld the tax, ruling it is constitutional.
because they said it doesn’t apply equally to everyone.
Supporters of the capital gain tax said it helps level the state’s tax code by targeting the wealthiest residents to raise $500 million per year for schools. “Because the capital gains tax is an excise tax under Washington law, it is not subject to the uniformity and levy requirements of article VII. We further hold the capital gains tax is consistent with our state constitution’s Quinn v. State, No. 100769-8 4 privileges and immunities clause and the federal dormant commerce clause.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Washington Supreme Court to issue ruling on capital gains tax lawsuit FridayChris Quinn v. State of Washington began in January when a lower court found the tax unconstitutional because they said it doesn’t apply equally to everyone.
Consulte Mais informação »
Sunshine Thursday, Friday; Severe Potential Friday Night - Alabama NewsTemperatures surge into the low and mid 80s Thursday afternoon and the sky remains mainly sunny. Thursday night remains mild with lows near 60°, while low clouds and fog likely develop again.
Consulte Mais informação »
Supreme Court chews on Jack Daniel's dog toy disputeWASHINGTON (AP) — The Supreme Court is hearing a spirited dispute Wednesday between whiskey maker Jack Daniel’s and the manufacturer of a squeaking dog toy that parodies the liquor's bottle and label.
Consulte Mais informação »
Navajo Nation tells Supreme Court treaty promises Colorado River waterThe Navajo Nation could have a slight edge in a case that will weigh heavily on the tribe and its ability to draw more water from the Colorado River.
Consulte Mais informação »
Cruz to introduce constitutional amendment to prevent Democrats from packing Supreme CourtTexas Republican Senator Ted Cruz on Wednesday introduced a constitutional amendment that would set the number of justices on the Supreme Court of the United States to nine.
Consulte Mais informação »
Jack Daniel's vs. a dog toy: Why the Supreme Court is involvedThe Supreme Court is hearing a spirited dispute Wednesday between whiskey maker Jack Daniel’s and the manufacturer of a squeaking dog toy that parodies the liquor's bottle and label.
Consulte Mais informação »