WASHINGTON’S EXPECTING A $9 BILLION boost in tax collections after Gov. Gov. Bob Ferguson (D) signed a package of tax bills Tuesday that increase in the state’s largest tax programs.
- The bills include hikes in the business and occupation, capital gains, and sales taxes to help close a deficit estimated at $16 billion over the next four years. There’s also a new excise tax on the pooling, banking, or sale of zero-emission vehicle credits—a measure aimed at Tesla. The tax plan is part of the state’s overall budget for the next two years, which Ferguson (D) also signed Tuesday.
- Ferguson ...