Washington State - Increase to RE Excise Tax

[Jameson Sullivan]

I am under the impression this passed the House Finance Committee as well. Anyone have further details or understand what they next step is? This should be fought against. All this does is increase face pricing on an asset, disincentives trading and makes it less attractive to out of state investors. 

http://sdc.wastateleg.org/nguyen/2019/04/26/senate-passes-real-estate-excise-tax-reform-reducing-rates-for-majority-of-Washingtonians/

[Jameson Sullivan]

@Nik Moushon Excise Tax is based on the sales price, then you pay Capital Gains on top of that.