Rep. Sharon Wylie, D-Vancouver, delivers floor remarks on final passage of Senate Bill 5096, Capital Gains Excise Tax. The measure will impose a 7% tax on the sale of long-term assets, such as stocks and  bonds, if the profits exceed $250,000 annually. Exceptions include the sale of a home, commercial real estate and retirement accounts and livestock. The sale of a small family business that makes less than $10 million a year would also be exempt.