Tag Archives: tax

House Passes 100% Exclusion On Sales of Certain Qualified Small Business Stock

Today the House passed a bill which would completely exempt from capital gains taxes (subject to per taxpayer limitations) the gain on the sale of qualified small business stock held for more than 5 years, if such stock was purchased … Continue reading

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Obama Shout Out To Zeroing Out Capital Gains On QSB Stock

We’ve written about this before. The President has proposed to reduce the capital gains tax rate on qualified small business stock to zero. He said it again last night in his State of the Union speech. You can view the … Continue reading

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Text of Draft Economic Nexus Bill

Please provide comments on this preliminary draft bill.

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Economic Nexus Bill Being Considered In Olympia

by Garry Fujita In an effort to expand the tax base, the legislature may consider legislatively enacting an economic nexus standard for taxpayers that sell services and other similar intangibles.¬† There is no bill formally introduced in the legislature at … Continue reading

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Tax Bill Introduced In Olympia To Codify Economic Substance

A bill has been introduced in Olympia to codify economic substance as the prevailing theory in reviewing potentially abusive tax avoidance transactions. ¬†This bill would substantially change Washington tax law. Under the proposed bill, the Department of Revenue “must disregard, … Continue reading

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