The Washington State Department of Revenue has announced potential rulemaking the Capital Gains Income Tax. The meeting will take place on July 12th at 10:00am. It is virtual only.
Per the announcement:
“The Department of Revenue will develop additional rulemaking and host a public meeting for the capital gains excise tax. This rulemaking will seek to provide clarifying information, such as definitions, and additional information on exemptions, deductions, and allocation of gains.”
There is not much specific information provided. The Center reached out to DOR and was told they would release an initial draft of the rule and it would be posted at https://dor.wa.gov/laws-rules/rule-making-agenda. They did not provide a date but said it would be before the public meeting. The Center will provide updated information on the blog as soon as it is posted.
You can find the preproposal statement of inquiry here. Emails on rulemaking can be sent here. The meeting link can be accessed here.
