Washington Capital Gains Taxes Initiative (2023): Difference between revisions
No edit summary |
m (Text replacement - "| type = Indirect initiated state statute" to "| type = Initiated state statute") |
||
| Line 7: | Line 7: | ||
| status = Not on the ballot | | status = Not on the ballot | ||
| status image = | | status image = | ||
| type = | | type = Initiated state statute | ||
| topic = Taxes | | topic = Taxes | ||
| topic2 = | | topic2 = | ||
Latest revision as of 19:01, 24 July 2022
| Washington Capital Gains Taxes Initiative | |
|---|---|
 | |
| Election date November 7, 2023 | |
| Topic Taxes | |
| Status Not on the ballot | |
| Type State statute | Origin Citizens |
The Washington Capital Gains Taxes Initiative was not on the ballot in Washington as an Initiative to the Legislature, a type of indirect initiated state statute, on November 7, 2023.
This initiative was designed to prohibit state and local governments from imposing a tax based on personal income and capital gains income, whether it was described as a payroll tax, income tax, or excise tax. It would have also repealed the 7% capital gains tax on the sale of long-term assets for individuals with annual capital gains over $250,000 that was enacted in 2021.[1]
State Representative Jim Walsh (R) filed a similar initiative, Initiative 1491. On June 13, 2022, Tim Eyman announced he would support Initiative 1491, writing, "It makes no sense for there to be two initiatives competing with one another when they both accomplish the same policy goal."[2]
Text of measure
The sponsor filed multiple versions of the initiative. Ballot language and full texts for the different versions may be found here.[1]
Path to the ballot
The state process
In Washington, the number of signatures required to qualify an indirectly initiated state statute—called an Initiative to the Legislature 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 indirect initiatives cannot be made more than 10 months before the regular session at which their proposal would be presented to lawmakers. Signatures must be submitted at least 10 days prior to the beginning of the legislative session in the year of the targeted election.
The requirements to get an Initiative to the Legislature certified for the 2023 ballot:
- Signatures: 324,516 valid signatures
- Deadline: December 30, 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 to appear before the legislature. If the legislature does not approve the measure, it is certified to appear on 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
- Tim Eyman filed multiple versions of the initiative.[1]
- State Representative Jim Walsh (R) filed a similar initiative, Initiative 1491. On June 13, 2022, Eyman announced he would support Initiative 1491, writing, "It makes no sense for there to be two initiatives competing with one another when they both accomplish the same policy goal."[3]
See also
External links
Footnotes
- ↑ 1.0 1.1 1.2 Washington Secretary of State, "Proposed Initiatives to the 2023 Legislature," accessed July 11, 2022
- ↑ Permanent Offense, "Here's why we're switching to Jim Walsh's Initiative 1491 to STOP ALL INCOME TAXES. We’re joining coalition pushing I-1491 so we’re all united," accessed July 11, 2022
- ↑ Permanent Offense, "Here's why we're switching to Jim Walsh's Initiative 1491 to STOP ALL INCOME TAXES. We’re joining coalition pushing I-1491 so we’re all united," accessed July 11, 2022
 |
State of Washington Olympia (capital) |
|---|---|
| Elections |
What's on my ballot? | Elections in 2026 | How to vote | How to run for office | Ballot measures |
| Government |
Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy |
