WA People
BILL · 2013–14 SESSION

HB 1545: Millionaires/two percent tax

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 by residents or qualifying nonresidents deriving income from sources within the state. Establishes a new state trust fund and requires revenue received by the trust to be devoted to education, with the first priority being classroom size reduction in kindergarten through fourth grade.

From the Bill Digest (HB 1545), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 30, 2013
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Marko Liias (D-21)
Introduced
January 30, 2013 in the House
Last action
January 13, 2014
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)

16 co-sponsors (16 Democrats, 0 Republicans)

Sharon Tomiko Santos D-37Senator D-22Luis Moscoso D-1Mike Sells D-38Gerry Pollet D-46Laurie Jinkins D-27Chris Reykdal D-22Dave Upthegrove D-33John McCoy D-38Sherry Appleton D-23Eric Pettigrew D-37Tina Orwall D-33Derek Stanford D-1Steve Tharinger D-24Cindy Ryu D-32Jessyn Farrell D-46

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. By resolution, reintroduced and retained in present status.
  4. First reading, referred to Finance.

HB 1545 in other sessions

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

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