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Tag: Washington State Bar Association

May
29th

UPDATE – Déjà vu on estate tax: House Finance OKs new version of bill on party-line vote

 

The House Finance Committee voted (8 to 3) along party lines this morning to close a loophole in Washington’s estate tax that was created by a Supreme Court ruling in the Bracken case last year. Lawmakers say the ruling left married couples’ estates untaxed, while single persons’ estates would be subject to the tax on estates valued at more than $2 million.

House Bill 2064 now goes to the House floor for a vote on Thursday – having to go through the process a second time because it did not pass the Senate in

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