Legal challenge filed for proposed ballot measure
Last updated 4/14/2022 at 12:03pm
As expected, the I-1929 (capital gains tax repeal) campaign officially filed a legal challenge to the attorney general’s ballot title and summary for the proposed ballot measure. The AG’s proposed language referred to the capital gains tax as an “excise tax” despite a court ruling unequivocally agreeing with the IRS and the rest of the country that a tax on capital gains is an income tax. From the I-1929 ballot title challenge complaint:
“The Attorney General’s proposed ‘Ballot Title’ and ‘Ballot Measure Summary’ are misleading, imprecise, and will likely cause confusion...