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Lawmaker suggests 7 percent corporate income tax

Post by Brad Shannon / The Olympian on March 22, 2011 at 5:20 pm with 1 Comment »
March 22, 2011 5:35 pm

State Rep. Glenn Anderson, an occasional maverick Republican, just introduced a corporate income tax bill. See the text here.

It’s unclear whether his proposal, which also does away with the hated business-occupations tax, would lead to a net increase or decrease in state tax receipts. It might lead to a smaller taxable tax base, or not.

The Fall City lawmaker introduced both a bill and constitutional amendment today to limit the new corporate tax to 7 percent and get rid of the B&O. Senate Joint Resolution 4221 would put the question to the November ballot and House Bill 2032, is the that sets up the corporate tax and repeals the B&O.

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Leave a comment Comments → 1
  1. Monterey says:

    It should never even be discussed if there is not a full repeal of the B&O tax. I am highly suspicious of any new kind of tax.

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