Capital Gains Tax Repeal Could Be on Washington’s 2024 Ballot

The week in state tax news: Washington voters may get a chance to repeal the state’s new capital gains tax and kill chances for future income taxes in November. Meanwhile, state leaders are setting their legislative priorities for tax policy in 2024, New York gets new corporate income tax regulations across the finish line, and California’s attempt to limit a tax break for certain out-of-state trusts may not be working as well as intended.

Just when Washington lawmakers are getting used to the idea that they have nearly $900 million in new revenue from the first year of the ...