Tag: income tax

  Last Wednesday the City Council held its first committee hearing on the proposed income tax bill as introduced. This coming Friday they will hold another meeting to start considering amendments. They hope to have the whole thing wrapped up and passed into law by the middle of July – even though the city’s understanding of how to implement it is far from complete. The Council members know that, and they’re fine with it.

Yesterday Mayor Murray and Council members Herbold and Sawant released a draft ordinance to implement their proposed income tax of 2% on income over $250,000. The idea has merit; the bill, as drafted, is frightening.

This afternoon Council members Herbold and Sawant joined with Mayor Ed Murray to announce their proposal for a city income tax on high-income households.

This afternoon voted to adopt a resolution that affirms the city’s intent to “begin consideration of a progressive income tax ordinance by May 31, 2017, with the goal of Full Council passage by July 10, 2017.”