WA People
BILL · 2011–12 SESSION

HB 2766: 2% tax on millionaires

Guaranteeing that the top one percent pay too, through assessing a two percent tax on millionaires to fund the paramount duty trust fund and reduce class sizes in grades kindergarten through four.

Summary

  • Imposes an excise tax on the receipt of adjusted gross income above one million dollars. Adjusted gross income in excess of one million dollars is taxed at two percent. Establishes a new state trust fund dedicated to meeting the paramount duty for the education of all children.

From the Bill Digest (HB 2766), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 3, 2012
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Marko Liias (D-21)
Introduced
February 3, 2012 in the House
Last action
April 11, 2012
Budget
Has a fiscal note

AN ACT Relating to guaranteeing that the top one percent pay too, through assessing a two percent tax on millionaires to fund the paramount duty trust fund and reduce class sizes in grades kindergarten through four;

Sponsors

Prime sponsor: Marko Liias (D-21)

22 co-sponsors (22 Democrats, 0 Republicans)

Senator D-22Sharon Tomiko Santos D-37Laurie Jinkins D-27Mike Sells D-38Kathy Haigh D-35Gerry Pollet D-46Joe Fitzgibbon D-34Chris Reykdal D-22Eileen Cody D-34John McCoy D-38Sherry Appleton D-23Mary Lou Dickerson D-36Hans Dunshee D-44Phyllis Gutierrez Kenney D-46Jeannie Darneille D-27Eric Pettigrew D-37Ruth Kagi D-32Zack Hudgins D-11Tina Orwall D-33Dave Upthegrove D-33Steve Tharinger D-24Mary Helen Roberts D-21

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. First reading, referred to Ways & Means.

HB 2766 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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