The pros and cons of I-920
YAKIMA, Wash. - Jim Boutillier is a lawyer and a partner in the Pratt and Boutillier Law Firm in Yakima.
He's been a lawyer for 20 years and deals with the Estate Tax on a regular basis, it's what he knows best.
"In the Estate Tax I see it both in the planning process in terms of trying to plan to minimize the impact of the taxes and then also dealing with the reporting issues," Boutillier said.
Boutillier has several clients who agree with repealing Initiative 920.
"(They believe) it's an unfair tax and that people have accumulated these assets in their life time pay taxes on them as they have accumulated form of income tax, and now there is another tax imposed on this property that should be passing on to their children," he said.
Boutillier also has clients on the other side who disagree with repealing the Initiative. As it stands, the Estate Tax only affects one percent of the population, Boutillier said.
"So some argue taking away this source of revenue will be taken away from the education fund."
Either way, it's a big topic of controversy that will have to be resolved on the ballot, Boutillier said.