BILL · 2021–22 SESSION
SB 5426: Wealth tax
Improving the equity of Washington state's tax code by creating the Washington state wealth tax and taxing extraordinary financial intangible assets.
Summary
- Establishes a 1 percent wealth tax on intangible financial assets of more than $1 billion.
From the Senate Bill Report (Orig.) (SB 5426), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedFeb 4, 2021
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Senator (D-22)
- Introduced
- February 4, 2021 in the Senate
- Last action
- January 10, 2022
- Companion bill
- HB 1406
- Budget
- Has a fiscal note
AN ACT Relating to improving the equity of Washington state's tax code by creating the Washington state wealth tax and taxing extraordinary financial intangible assets;
Sponsors
Prime sponsor: Senator (D-22)
11 co-sponsors (11 Democrats, 0 Republicans)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- First reading, referred to Ways & Means.
SB 5426 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5426 (2025–26) Court alternatives/youth
- SB 5426 (2023–24) Family connections program
- SB 5426 (2019–20) Hydrofluorocarbon emissions
- SB 5426 (2017–18) Winery tasting rooms
- SB 5426 (2015–16) Liq. natural gas/ferries
- SB 5426 (2013–14) Unlawful detainer
- SB 5426 (2011–12) Background check information
- SB 5426 (2009–10) Fire prot district annexing