Oppose HB 1319 – A New Wealth Tax on Washington Residents

Oppose HB 1319 – A New Wealth Tax on Washington Residents

Lakewood Chamber of CommerceBoard of Directors Policy PositionOpposes HB 1319 – A New Wealth Tax on Washington ResidentsJanuary 28, 2025 House Bill 1319 proposes a 1% annual tax on worldwide financial intangible assets exceeding $100 million, targeting approximately 3,400 of Washington’s wealthiest residents. While the bill’s stated goals include...

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