Washington: Tax initiative moves ahead

Fri, Jul 2 2010 — Source: Bloomberg Business Week

A campaign to impose an income tax on the state’s wealthiest residents is likely headed to the November ballot, as supporters submitted boxes of petitions Thursday morning. Bill Gates Sr., father of the Microsoft Corp. co-founder, and about two dozen other supporters of Initiative 1098 turned in 350,000 petition signatures Thursday in Olympia, many more than the roughly 241,000 required to get on the ballot. The campaign says it will turn in an additional 20,000 Friday.