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Senate committee waives notice and advances hearing on proposed "millionaires'" income tax
Summary
After waiving the committee's five‑day notice rule by roll call (15–9), the Ways and Means Committee held extended testimony and debate on Senate Bill 6,346, a proposed 9.9% personal income tax on household Washington taxable income above $1,000,000; advocates emphasized education, health and public defense funding while businesses warned of pass‑through impacts and constitutional risk.
The Senate Ways and Means Committee waived its five‑day notice rule and proceeded with a full hearing on Senate Bill 6,346, a proposal to impose a 9.9% income tax on Washington households’ taxable income above a $1,000,000 standard deduction.
Staff presented the bill’s mechanics and fiscal effects. Jeff Mitchell, committee staff, said the proposal would use federal adjusted gross income as a starting point, add and subtract specified adjustments to compute Washington taxable income, and include credits — notably for capital gains taxes and business B&O/public utility taxes. He told the committee the earliest tax filings would begin in 2029 and estimated roughly $3.5 billion in annual revenue affecting roughly…
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