The state Senate swiftly rejected the House-passed amendments to SB 5096, which would impose a 7% capital gains tax. But, as Paul Queary writes in the Washington Observer, that doesn’t mean the measure is dead.
After the House amended Senate Bill 5096 to add language that shields it from a citizens’ referendum, the Senate on Thursday refused to accept the amendments and asked to send the measure to a conference committee.
Queary thinks they’ll find a way to get it done.
With some $500 million a year in new tax revenue at stake, look for a compromise before Sunday’s adjournment.