Measure on the ballot in the 2024 Washington General Election in Washington.
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Get StartedThis measure would repeal an excise tax imposed on the sale or exchange of certain long-term capital assets by individuals who have annual capital gains of over $250,000.
A Yes vote means you support the repeal of the excise tax imposed on the sale or exchange of certain long-term capital assets by individuals who have annual capital gains of over $250,000.
A No vote means you support keeping the excise tax imposed on the sale or exchange of certain long-term capital assets by individuals who have annual capital gains of over $250,000.
"By repealing this controversial tax, which many see as a step toward a state income tax, we will help our economy grow and create more jobs in the future. The Legislature should repeal this tax this legislative session" - Rep. Ed Orcutt, R-Kamala, in support of Initiative Measure Number 2109 (Learn more)
"I-2109 repeals a state extraordinary profits tax (capital gains) that does not apply to 99.8% of us. This initiative benefits just a few people - less than 4,000 - who make millions in profits off of stock sales." - No On I-2109, in opposition to Initiative Measure Number 2109 (Learn more)
"For me, it's just another tax on the folks of the state of Washington, and [Democrats] can push that money to wherever they want it." - Rep. Alex Ybarra, R-Quincy, in support of Initiative Measure Number 2109 (Learn more)
"If it's repealed, it is a big hole in the budget, we're going to have to come back next year and deal with that reality." - Sen. June Robinson, D-Everett, Chair of the Senate Ways and Means Committee, in opposition to Initiative Measure Number 2109 (Learn more)
This measure would repeal an excise tax imposed on the sale or exchange of certain long-term capital assets by individuals who have annual capital gains of over $250,000. Should this measure be enacted into law?
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