Washington State Rolls Back Estate Tax Rates
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Washington State Rolls Back Estate Tax Rates: Amidst Budget Concerns and Economic Impact
Washington state is reversing its estate tax rate hike, dropping the top rate from 35% to 20% on estates over $9 million. The change, effective July 1, aims to prevent wealthy residents from leaving the state due to the previous steep increase. Despite concerns about reduced revenue for schools and colleges, the bill passed with bipartisan support, leaving questions about the states budget balance.
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