Washington State Seeks Additional Revenue
By Andrew J. Meyers, CPA
Overview
The Washington State Legislature stayed busy in 2010 by trying to find ways to fill a $1 billion budget deficit after voters rejected their earlier push for increases on sales taxes for a myriad of consumer products, everything from candy, to bottled water, to your favorite soda-pop! As a result of the rejected tax increases, the legislature and governor had to undertake other methods, including across the board departmental cuts, as well as some creative revenue raising measures. They also looked for ways to increase taxpayer compliance. Here are the highlights…