I-1098 income tax initiative qualifies in State of Washington
OLYMPIA, Washington: I-1098, a ballot initiative that will, if approved, impose a state income tax on gross incomes exceeding $400,000 on joint returns, has been certified for the November 2, 2010 ballot in the State of Washington. I-1098 is an Initiative to the People.
Besides creating a state income tax, I-1098 will reduce the state share of property taxes by 20%, reduce business taxes and direct revenues to education and health. It is estimated that I-1098, if approved, will generate $1 billion per year.
According to the secretary of state, ballot language for 82 initiatives was filed earlier in the year, which is close to a record for ballot initiatives in the State of Washington. Sponsors of six Initiatives to the People filed signatures by the state's July 2 deadline. All six are expected by observers to qualify for the ballot and as of July 16, three of them have now been formally certified.
- Washington 2010 ballot measures
- Washington signature requirements
- Tax measures certified for the 2010 ballot
- Washington Income Tax, Initiative 1098 (2010)