HB 1473: Wealth/property tax
Investing in Washington families and creating a more fair tax system by enacting a narrowly tailored property tax on extreme wealth derived from the ownership of stocks, bonds, and other financial intangible property.
Summary
- Establishes a 1 percent tax on intangible personal property in excess of $250 million.
From the House Bill Analysis 2023 (HB 1473), written by the Legislature's nonpartisan staff. Read the full report ↗
- IntroducedJan 20, 2023
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- Law
- Prime sponsor
- My-Linh Thai (D-41)
- Introduced
- January 20, 2023 in the House
- Last action
- January 8, 2024
- Companion bill
- SB 5486
- Budget
- Has a fiscal note
AN ACT Relating to investing in Washington families and creating a more fair tax system by enacting a narrowly tailored property tax on extreme wealth derived from the ownership of stocks, bonds, and other financial intangible property;
Sponsors
Prime sponsor: My-Linh Thai (D-41)
42 co-sponsors (42 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 Finance.
HB 1473 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 1473 (2025–26) Wildfire BSA appropriations
- HB 1473 (2021–22) Data centers/tax preference
- HB 1473 (2019–20) Surplus trans. property
- HB 1473 (2017–18) Eye care
- HB 1473 (2015–16) Fourth amendment protection
- HB 1473 (2013–14) Construction service paymnts
- HB 1473 (2011–12) Fees for traffic school cost
- HB 1473 (2009–10) Sexual health education