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Tag: state estate tax

May
30th

House votes again to restore Wash. estate tax rules

The state House voted today on a party-line vote to approve an estate tax bill that restores the Washington’s estate-tax law to cover the estates of married couples as well as for single persons who die and bequeath $2 million or more. One Democrat, Rep. Monica Stonier of Vancouver, crossed over to vote against House Bill 2064 and three other Democrats were excused or not voting.

Three Republicans also were absent but no GOP member voted in favor. The final vote was 51-40 and the roll call is here.

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April
8th

House Finance votes 8-to-5 on party line Monday to repair estate tax after Supreme Court ruling; GOP objects to retroactive language

Republican Rep. Terry Nealey of Dayton offered an amendment to cut off the state’s claim to taxes back only as far as 2005. This cutoff date would have avoided the threat of further litigation, according to Nealey. But it would protect the state against only $30 million in claims – a fraction of the estimated $160 million cost of the court’s ruling.

And the debate on this tax is occurring in a year that Democrats are looking for extra money anywhere they can to put into K-12 schools and higher education.

In the end, majority Democrats used their larger numbers

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