WASHINGTON TARGETED TECH GIANTS with new taxes passed in the final days of the state’s legislative session. Lawmakers sought to bridge a record budget deficit by shifting more of the tax burden to technology companies like Amazon and Microsoft.
- The measures expand the kinds of services subject to sales tax, increase rates for the state’s nearly 100-year-old levy on gross receipts and add a new top tier for capital gains to be taxed at 10%.
- Big tech companies that fueled so much of the region’s growth — and inequality — over the past two decades were the primary target of ...