Washington has no income tax and does not tax capital gains. Federal tax provisions regarding the dismissal or deferral of capital gains taxes have no effect at the state level.
Washington has designated 139 Qualified Opportunity Zones, which is 19 more than the United States median of 120, and 14 fewer than the United States average of 153. These zones are located in 36 different counties, out of a possible 39 total counties that exist within the state. Opportunity Funds can invest in 92% of the counties in Washington.
King County houses the largest number of zones within the state at 23, which is 11 higher than the next most represented county in the state.
Simple & Easy to Understand