HB2167 proposes to reduce the state sales tax if an income tax or a tax on individual earnings is enacted.
HB2167 aims to reduce the state retail sales and use tax rate if the legislature imposes an income tax or a tax on individual earnings. This bill responds to concerns about Washington's high cost of living and seeks to provide tax relief to residents. The reduction in sales tax would be commensurate with the projected revenue increase from the income tax or tax on individual earnings. The bill emphasizes that the state's problem is not a lack of revenue but a lack of fiscal restraint.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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