Suit filed over new income tax for wealthy Seattle residents


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SEATTLE (AP) — As expected, attorneys have filed a lawsuit challenging Seattle's new ordinance to tax high-income earners.

Multiple news outlets reported Friday that the suit was filed on behalf of Seattle resident and investment manager Michael Kunath.

The lawsuit was filed just minutes after Mayor Ed Murray signed the ordinance with little fanfare on July 14.

The suit alleges the city's plan to impose a 2.25 percent tax on for single taxpayers who earn more than $250,000 and joint filers who earn more than $500,000 breaks state law prohibiting cities from collecting taxes on net income.

Kunath's lawyer Matthew Davis says the lawsuit suit does not seek an injunction to stop the tax immediately, because it wouldn't be collected until April 2018.

City attorney Pete Holmes and Davis said they expect this lawsuit to be the first of many.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast