Day: March 26, 2019

House Democrats unveiled a two-year state budget proposal that seeks $1.4B in new revenue, including a new 9.9% capital gains tax, a 20% (and up) B&O tax increase for many businesses, and an increase in the real estate excise tax (REET).

The number of anti-business bills introduced in Olympia this year has been unprecedented. But thanks to a worthy effort from AGC and its members, general contractors and subcontractors alike will not be as easy targets in years to come for double-payment liability on private projects.