Capital gains tax gets a harsh reception

OLYMPIA — A different take on Gov. Jay Inslee’s capital gains tax, less broad and friendlier to small family-owned businesses, will likely be introduced later in this year’s legislative session.

“We are considering proposals similar to what the House has considered in years past,” said Rep. Noel Frame, D-Seattle. “So, for instance, the filing threshold has been higher in the past House versions, so that's one major difference. Also what we have had the last several years is an exemption for bona fide family owned businesses.”

Frame emphasized the goal of any tax she and fellow Democrats propos...