States / Washington / SB 6346

SB 6346 Enacted

Establishing a tax on millionaires.

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Engrossed Substitute Bill — · 31.7K words Open full page ↗



ENGROSSED SUBSTITUTE SENATE BILL 6346

State of Washington

69th Legislature

2026 Regular Session

By Senate Ways & Means (originally sponsored by Senators Pedersen, Chapman, Frame, Bateman, Orwall, Slatter, Alvarado, Hunt, Lovelett, Riccelli, Shewmake, Valdez, Wellman, Hasegawa, Robinson, Lovick, Conway, Trudeau, Cleveland, Kauffman, C. Wilson, Dhingra, Stanford, Nobles, Saldaña, Salomon, and Cortes)

READ FIRST TIME 02/09/26.

AN ACT Relating to investing in Washington families and businesses to fund K-12 education, health care, higher education, other essential governmental services, and the working families' tax credit, and to reduce certain sales and use taxes and certain business and occupation taxes by establishing a tax on millionaires; amending RCW 82.32.050 , 82.32.060 , 82.32.090 , 2.10.180 , 2.12.090 , 2.14.100 , 6.15.020 , 41.24.240 , 41.32.052 , 41.34.080 , 41.35.100 , 41.37.090 , 41.40.052 , 41.44.240 , 41.26.053 , 43.43.310 , 82.08.0206 , 82.04.4451 , 82.32.045 , 82.04.288 , 82.04.050 , 82.04.192 , and 1.90.100 ; amending 2023 c 456 s 3 (uncodified); adding a new section to chapter 82.08 RCW; adding a new section to chapter 82.12 RCW; adding a new Title to the Revised Code of Washington to be codified as Title 82A RCW; creating new sections; prescribing penalties; providing effective dates; and providing an expiration date.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1. INTENT. (1) The legislature finds that the state, through the state's general fund, invests in K-12 education, health care, higher education, other essential governmental services, and the working families' tax credit, all of which help Washingtonians succeed and thrive.

(2) These general fund dollars help the state meet its paramount duty to make ample provision for the education of all children in the state, including children who qualify for special education services, creating the opportunity for each child to succeed in school and achieve success in life.

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