I-920 (Estate tax repeal)
What it will do:
This measure would repeal Washington’s state laws imposing tax,currently dedicated for the education legacy trust fund, on transfers of estates of persons dying on or after the effective date of this measure.
Supporters say:
Proponents say it's ludicrous to tax death. It hurts family members, they say, penalizes success, and makes it hard to keep family businesses in the family.
Opponents say:
Critics say it's foolish to repeal a tax that benefits schools, especially when the tax affects only a small percentage of the wealthiest Washingtonians.
Sponsor:
