December 4: Antio v. Department of Revenue: A Significant Tax Case with Far-Reaching Implications

On October 24, 2024, in a 7-2 decision, the Washington State Supreme Court upheld the Department of Revenue’s reversal of its long-standing interpretation of the Business and Occupation (B&O) tax investment deduction in Antio LLC v. Department of Revenue, Wash., No. 102223-9. 

Before the decision, the Department had allowed the deduction for any investment income, so long as the taxpayer was not a banking, lending, or security business as defined in legislation from 2002. This decision greatly narrows the deduction. This new interpretation of the deduction greatly increases the B&O tax liabilities of a wide variety of taxpayers and creates significant uncertainty regarding the scope of the deduction. 

Please join us as we discuss the impact of the Antio decision on Washington state taxpayers.

Title:

Antio v. Department of Revenue: A Significant Tax Case with Far-Reaching Implications
Webinar Date+Time:
December 4, 2024
12:00 PM - 1:00 PM PT
Free Continuing Legal Education Webinar - Register Now!
Speakers:

• Brett Durbin - Lane Powell PC, Seattle, WA 
• Aaron C. Johnson - Lane Powell PC, Seattle, WA

By:
Washington State Bar Association; Developed in partnership with the WSBA Taxation Section.
Credits:

• Washington State: 1.00 Law & Legal Procedure
• Other States: Certificate of attendance provided upon request.

Cost:
Free.

More Information and Registration