Daily Legislative Report for Thu., Feb. 11, 2021

Capital gains tax, prohibiting sales of "puppy mill" dogs and cats

Proposed capital gains tax on long-term assets, prohibiting sales of so-called "puppy mill" dogs and cats in retail stores.
Troy Kirby for The JOLT
Posted

The Journal of Olympia, Lacey & Tumwater Presents The Daily Legislative Report for Thu., Feb. 11, 2021.

The House Consumer Protection & Business Committee held a public hearing on House Bill 1424, which would prohibit a retail pet store from selling cats and dogs unless certain conditions are met. The goal of the bill, according to lawmakers, would ban "puppy mills" and certain pet dealers in our state.

The House Finance Committee heard public testimony on House Bill 1496, which would install an up to 10 percent Capital Gains tax on long-term assets, which the IRS has stated is an income tax. The legislation has been criticized as a violation of the Washington State Constitution, which does not allow for an income tax.

For more complete information on any legislation, including sponsors, a synopsis, and fiscal note, visit the Washington State Legislature’s bill information webpage

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