Court ruling on estate tax will cost $50M

OLYMPIA — A state Supreme Court ruling limiting the collection of estate taxes will cost the state nearly $50 million in the current budget.

Justices decided Thursday that Washington’s estate tax will not apply to married couples who had used a certain estate planning trust prior to 2005. State officials had argued that taxes were due once the second spouse died.

Department of Revenue spokesman Mike Gowrylow estimated that the decision will cost the state $47.6 million during the current biennium for refunds of taxes that were paid and others that won’t be collected. He estimates that the decision will cost the state $5 million per year after the first adjustments are made.

More in Local News

Fatal car crash reported on Highway 92 near Lake Stevens

The 3 p.m. accident and investigation stopped traffic in both directions near Machias Road.

Motorcyclist killed in crash had high level of THC

A motorcyclist had more than eight times the legal limit… Continue reading

Police: Driver threatens pedestrian, ends up in drug bust

Meth, cocaine and heroin were found in his car, along with a loaded pistol and cash, police say.

Son arrested for hitting father on head at Marysville home

The father grabbed a metal rod and struck his son in the head, too. Both needed medical treatment.

Cheering families welcome Kidd, Shoup after 6 months at sea

“I get back Daddy back today,” said one homemade sign at Naval Station Everett.

Paine Field fire chief will be allowed to retire

In his letter, the airport director noted Jeff Bohnet was leaving while under investigation.

Stanwood man, 33, killed in crash near Marysville

Speed may have been a factor, the sheriff’s department said.

County plans to sue to recoup costs from ballot drop-box law

A quarter-million dollars could be spent adding 19 ballot boxes in rural areas.

Mayor tries new tactic to curb fire department overtime

Stephanson says an engine won’t go into service when the only available staff would be on overtime.

Most Read