State work group explores taxation
May 23, 2022
A group of state and local policymakers will consider replacing Washington’s Business & Occupation (B&O) tax, adding a wealth tax and other proposals this week. The Washington State Tax Structure Work Group (TSWG) meets to discuss changes to Washington’s tax system from 1 p.m. to 4 p.m. on Wednesday, May 25, 2022.
They’re considering the following proposals:
- Business and Occupation Tax/Margins Tax
- Working Families Tax Credit
- Property Tax Limit Factor
- Primary Residence Property Tax Exemption
- Wealth Tax
They’ve developed a tax calculator to allow people to plug in personal and/or business information and review the proposals’ impacts on their personal and business tax burden. They’ve also created a video library and slide deck to walk people through the different scenarios.
To attend the online meeting, please use the following information:
To join via web: https://us06web.zoom.us/j/86854270900
Webinar ID: 868 5427 0900
To join with audio only: Dial (253) 215-8782, then enter: 868 5427 0900#
TVW is recording and streaming the meeting at https://www.tvw.org/schedule-main/ so people may view it later.
If you want to comment, please email firstname.lastname@example.org with your name and organization by 3:15 p.m. on May 25. You’ll have up to three minutes to provide comments, and only the co-chairs may grant more time.