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Expert Analysis

Wash. Companies Should Brace For New Law's Major Tax Hit

By Brett Durbin and Scott Edwards (May 7, 2019, 4:57 PM EDT) -- In the closing days of April, the Washington Legislature passed one of the most extensive sets of tax increases in recent memory. The increases were enacted through five primary bills and are intended to raise about $2.1 billion over the next four years. While the capital gains tax proposal that many feared was not among the tax bills that passed, virtually every industry is impacted through major increases to the business and occupation, or B&O, tax and the real estate excise tax, or REET....

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