Washington legislation · 2025-26 Regular Session
Washington HB2738: Income tax
Status: In committee, February 19, 2026
Establishing an income tax on individuals with Washington taxable income over $1,000,000 per year and households with income over $2,000,000 per year.
What the bill says
An act Relating to establishing an income tax on individuals with Washington taxable income over $1,000,000 per year and households with income over $2,000,000 per year, contingent on the passage of a constitutional amendment authorizing such an income tax; amending RCW 82.32.050, 82.32.060, 82.32.090, 2.10.180, 2.12.090, 6.15.020, 41.24.240, 41.32.052, 41.34.080, 41.35.100, 41.40.052, 41.44.240, 41.26.053, 43.43.310, 82.08.0206, 82.04.4451, 82.32.045, 82.04.288, and 1.90.100; amending 2023 c 456 s 3 (uncodified); reenacting and amending RCW 82.08.020; adding a new section to chapter 82.08 RCW.
From the introduced text:
AN ACT Relating to establishing an income tax on individuals with Washington taxable income over $1,000,000 per year and households with income over $2,000,000 per year, contingent on the passage of a constitutional amendment authorizing such an income tax; amending RCW 82.32.050, 82.32.060, 82.32.090, 2.10.180, 2.12.090, 6.15.020, 41.24.240, 41.32.052, 41.34.080, 41.35.100, 41.40.052, 41.44.240, 41.26.053, 43.43.310, 82.08.0206, 82.04.4451, 82.32.045, 82.04.288, and 1.90.100; amending 2023 c 456 s 3 (uncodified); reenacting and amending RCW 82.08.020; adding a new section to chapter 82.08 RCW; adding a new section to chapter 82.12 RCW; adding a new Title to the Revised Code of Washington to be codified as Title 82A RCW; creating new sections; prescribing penalties; providing an effective date; providing a contingent effective date; and providing an expiration date. PART I DEFINITIONS NEW SECTION. Sec. 101. DEFINITIONS.The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Capital asset" has the same meaning as provided in chapter 82.87 RCW. (2) "Department" means the department of revenue of the state of Washington. (3) "Federal adjusted gross income" means adjusted gross income as determined under section 62 of the internal revenue code. (4) "Individual" means a natural person. (5) "Internal revenue code" means the United States internal revenue code of 1986, as amended and in effect on January 1, 2026, or …