This week, the House Finance and Appropriations committees held hearings on a revised capital gains tax proposal (SHB 1484) as well as a slimmed down carbon pollution revenue proposal (HB 1314.) Although both revenue generating proposals had been reduced in its impact to affected stakeholders, the opposition by business and industry interests remain.
On Monday, the Revenue Forecast Council will release an updated forecast, ahead of schedule. Both the Senate and House are hoping that there will be enough new revenue to bring them closer to a budget deal. The forecast will be available at 2:30PM.
