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Taxes go to the public

Post by Jordan Schrader / The News Tribune on April 13, 2010 at 12:30 pm |
April 13, 2010 5:16 pm

That didn’t take long.

The ink was barely dry on legislative leaders’ signatures on tax increases before opponents filed to start campaigning against them.

Initiative promoter Tim Eyman registered initiative measures to roll back new taxes on service businesses, beer, soda pop, bottled water, tobacco and candy, plus new limits on the tax exemption banks get on their home-mortgage earnings.

The timestamp on the faxed documents reads just after midnight, around the time lawmakers were putting the finishing touches on their budgets.

After a state approval process, Eyman would have to gather 241,000 signatures to get each measure on the November ballot.

UPDATE: Eyman told me he won’t pursue one of the seven taxes he originally targeted because the tax he really objected to was killed off in the legislative process.

Lawmakers shot down the idea of capping a tax exemption for banks’ earnings on home mortgages, so all that remains  that Eyman’s initiative would repeal is a somewhat esoteric provision fixing a court ruling that widened the bank tax exemption.

Eyman said he had to start the process of drafting the initiatives early, when the bill’s contents were still in flux, to have it ready to file immediately. “As soon as you file, you start learning from the code revisers’ office what actually happened and what didn’t.”

Publicola first noted the odd initiative.

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