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  /  Updates   /  Washington AG: Farmers can’t contest capital gains tax until they pay it
August 19, 2021

Washington AG: Farmers can’t contest capital gains tax until they pay it

Red combine harvester in golden wheat field.
From the Capital Press
Washington state attorneys sought Wednesday to scuttle a lawsuit filed by farmers and others against the state’s new capital gains tax, arguing no one can challenge it until they pay it.
Farmers are only speculating that beginning next year they will owe the 7% tax on capital gains over $250,000, Solicitor General Noah Purcell told a Douglas County Superior Court judge. Read the rest of the article here.