Friday, June 14, 2013

While you were sleeping - Senate passes/Inslee signs retroactive death tax increase

Beating a Friday morning deadline to keep the Department of Revenue from issuing court ordered refunds, the Legislature yesterday approved HB 2075 - a retroactive change to the state's death tax. The new law undoes a unanimous State Supreme Court ruling which required death tax refunds to certain estates. The House approved HB 2075 early Thursday with the Senate voting late last night and the Governor immediately signing the bill into law utilizing an emergency clause. Though responding prospectively to the Court ruling was never in doubt, it is a bit shocking to see the Legislature make retroactive changes to the state's tax law . . . READ MORE


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