Take part in tax structure town halls

Sep 23, 2021
Written by Mark Johnson, Senior Vice President of Policy and Government Affairs

Washington State has a unique tax structure. Some say it needs to be revised, while others are satisfied just the way it is. Our three primary sources of tax revenue are the state sales tax – currently at 6.5%, a property tax, and a business and occupation tax. Absent is a state income tax or a corporate income tax—which many other states have. The 2021 Legislature adopted a new capital gains tax which is pending due to court challenges. The new law is currently on its way to the state Supreme Court to determine if it is constitutional. WR has signed onto the court challenge.

As a taxpayer, now is your chance to weigh in on our tax structure. The Washington State Tax Structure Work Group, led by Finance Committee Chairwoman Noel Frame (D-Seattle), will be hosting a series of virtual Tax Town Halls. They have divided the state into seven regions, and each region will host two identical town halls – one from 2:30-4:00 pm and one in the evening from 6:30-8:00 pm.

WR plans to participate in as many of these as possible. We encourage WR members to share their views as well. You have a unique perspective as a retail business owner and or operator.

Click on this link to find your region and sign up to participate in one of the town halls.

The Legislature will look at the findings and comments before deciding if our system is working well or if they need to make adjustments.