Washington Vehicle Tax Killed
Washington voters last week scrapped the state’s motor vehicle excise tax and replaced it with a $30 annual fee.
At first glance, the tax cut would seem like a win for the industry, but the Washington Trucking Associations is concerned that the huge hole created in the state’s budget by Initiative 695 will have disastrous consequences for highway infrastructure.
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The ballot measure drastically reduces the state vehicle tax and requires voter approval for any future increase in taxes, fees or charges at all levels of government.
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A little more than 57% of state’s registered voters approved the initiative on Nov. 2.
