An income tax on high earners is one step away from final passage in Washington state after the House approved it 51-46 Tuesday, capping a marathon floor debate.
Why it matters: If enacted, the tax would test long-standing legal and political barriers to personal income taxes in Washington.
Zoom in: The bill now heads back to the Senate for final approval.
- It would impose a 9.9% tax on annual income over $1 million — what supporters call a tax on millionaires.
- The measure would raise about $3.5 billion per year and affect roughly 20,000 taxpayers statewide, according to legislative staff estimates.
- It would take effect in 2028.
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