Action Alert: Oppose SB 5096 - State Capital Gains Tax
Urging all WBPA Members to Electronically Sign in Opposition or Sign in to Testify Virtually to OPPOSE SB 5096
SB 5096: Concerning an excise tax on gains from the sale or exchange of certain capital assets.
- Implements a 9% Capital Gains tax including a residential dwelling with more than four units. This includes commercial office buildings, manufactured housing, condominiums, self-storage, retail, and floating homes.
- The tax applies to individuals earning over $25,000, and couples earning over $50,000 annually.
- This tax would be in addition to the federal capital gains tax.
- With the Governor’s moratorium on rents not to be raised and unemployment for tenants due to COVID, we are hugely impacting the housing market. You will likely be asked by lawmakers, what percentage of the market for your individual property or industry figures are not paying rent due to these conditions.
Sponsors: Senators Robinson, Wilson, C., Hunt, Nguyen
By Request: Office of Financial Management
STATUS SB: Senate Ways and Means Committee
Hearing: Thursday, January 14 at 4:00 p.m.
- To Sign up to Submit written testimony, click here
- Testify virtually in Opposition of, click here
- To Provide opposition to be noted for the legislative record, click here.
Please also contact the members of the Senate Ways & Means Committee Urging them to OPPOSE SB 5096.
Please take action right away.
Additional Information and Talking Points to Follow
Senate Ways & Means Committee Members:
Name | District | Party | Leg. Asst. | Phone | |
John Braun | 20 | R | Jeri May | (360) 786-7638 | john.braun@leg.wa.gov |
Sharon Brown, *Asst Ranking Member, Operating | 8 | R | Emily Greninger | (360) 786-7614 | sharon.brown@leg.wa.gov |
Reuven Carlyle | 36 | D | Joshua Peck | (360) 786-7670 | reuven.carlyle@leg.wa.gov |
Steve Conway | 29 | D | Kimberlie Lelli | (360) 786-7656 | steve.conway@leg.wa.gov |
Jeannie Darneille | 27 | D | Lisa Fisch | (360) 786-7652 | j.darneille@leg.wa.gov |
Manka Dhingra | 45 | D | Ashley Jackson | (360) 786-7672 | manka.dhingra@leg.wa.gov |
David Frockt, Vice Chair | 46 | D | Crystal Chindavongsa | (360) 786-7690 | david.frockt@leg.wa.gov |
Chris Gildon | 25 | R | Rachel Jo Elliott | (360) 786-7648 | chris.gildon@leg.wa.gov |
Bob Hasegawa | 11 | D | Amanda Eichelberger | (360) 786-7616 | bob.hasegawa@leg.wa.gov |
Jim Honeyford, Asst Ranking Member, Capital | 15 | R | Penelope McWain | (360) 786-7684 | jim.honeyford@leg.wa.gov |
Sam Hunt | 22 | D | Meagan Arndt | (360) 786-7642 | sam.hunt@leg.wa.gov |
Karen Keiser | 33 | D | Jennifer Minich | (360) 786-7664 | karen.keiser@leg.wa.gov |
Marko Liias | 21 | D | Curt Kohlwes | (360) 786-7640 | marko.liias@leg.wa.gov |
Mark Mullet | 5 | D | Adam Day | (360) 786-7608 | mark.mullet@leg.wa.gov |
Ron Muzzall | 10 | R | Eric Hemmen | (360) 786-7618 | ron.muzzall@leg.wa.gov |
Jamie Pedersen | 43 | D | Sam Hendrickson | (360) 786-7628 | jamie.pedersen@leg.wa.gov |
Ann Rivers | 18 | R | Sharon McCoy | (360) 786-7634 | ann.rivers@leg.wa.gov |
June Robinson, Vice Chair, |
38 | D | Kate Armstrong | (360) 786-7674 | june.robinson@leg.wa.gov |
Christine Rolfes, Chair | 23 | D | Linda Owens | (360) 786-7644 | christine.rolfes@leg.wa.gov |
Mark Schoesler, Asst Ranking Member, Capital | 9 | R | Krista Winters | (360) 786-7620 | mark.schoesler@leg.wa.gov |
Kevin Van De Wege | 24 | D | Linda Barnfather | (360) 786-7646 | Kevin.VanDeWege@leg.wa.gov |
Keith Wagoner | 39 | R | Sharra Finley | (360) 786-7676 | keith.wagoner@leg.wa.gov |
Judy Warnick | 13 | R | Cynthia Banuelos | (360) 786-7624 | judith.warnick@leg.wa.gov |
Lisa Wellman | 41 | D | Noah Burgher | (360) 786-7641 | lisa.wellman@leg.wa.gov |
Lynda Wilson, Ranking Member | 17 | R | Amber Hardtke | (360) 786-7632 | lynda.wilson@leg.wa.gov |