Washington Capital Gains Tax Changes Initiative (2022)
| Washington Capital Gains Tax Changes Initiative (2022) | |
|---|---|
 | |
| Election date November 8, 2022 | |
| Topic Taxes | |
| Status Not on the ballot | |
| Type State statute | Origin Citizens |
The Washington Capital Gains Tax Changes Initiative (#1934-1938) was not on the ballot in Washington as an Initiative to the People, a type of initiated state statute, on November 8, 2022.
Multiple versions of this initiative were filed and cleared for signature gathering. The initiative was designed to make changes to the state's code governing capital gains taxes. Depending on the version, the initiative would have done one or a combination of the following:
- raise the threshold of capital gains above which capital gains tax must be paid;
- add or increase capital gains tax exemptions;
- add a surtax or increase capital gains tax rates for higher capital gains amounts; and
- dedicate revenue to education, early learning, and children services.[1]
Text of measure
Ballot title
Initiative sponsors submitted multiple versions of this initiative. The ballot titles for them are available below:
Full text
Initiative sponsors submitted multiple versions of this initiative. The full legal texts for them are available below:
Path to the ballot
The state process
In Washington, the number of signatures required to qualify a directly initiated state statute—called an Initiative to the People in Washington—for the ballot is equal to 8 percent of the votes cast for the office of governor at the last regular gubernatorial election. Initial filings for direct initiatives cannot be made more than 10 months before the general election at which their proposal would be presented to voters. Signatures must be submitted at least four months prior to the general election.
The requirements to get an Initiative to the People certified for the 2022 ballot:
- Signatures: 324,516 valid signatures
- Deadline: July 8, 2022
The secretary of state verifies the signatures using a random sample method. If the sample indicates that the measure has sufficient signatures, the measure is certified for the ballot. However, if the sample indicates that the measure has insufficient signatures, every signature is checked. Under Washington law, a random sample result may not invalidate a petition.
Details about this initiative
- Eric Lowney filed four versions of this initiative on April 19, 2022.[1]
- Ballot titles were provided for the initiative versions on May 4, 2022, and May 5, 2022.[1]
- Signatures for the measure were not submitted by the deadline on July 8, 2022, therefore the initiative did not qualify for the 2022 ballot.[1]
See also
External links
Footnotes
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State of Washington Olympia (capital) |
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