Washington SB6346: Tax on millionaires

What the bill says

An act Relating to investing in Washington families and businesses to fund K-12 education, health care, higher education, other essential governmental services, and the working families' tax credit, and to reduce certain sales and use taxes and certain business and occupation taxes by establishing a tax on millionaires…

From the enrolled text:

AN ACT Relating to investing in Washington families and businesses to fund K-12 education, health care, higher education, other essential governmental services, and the working families' tax credit, and to reduce certain sales and use taxes and certain business and occupation taxes by establishing a tax on millionaires; amending RCW 82.32.050, 82.32.060, 82.32.090, 2.10.180, 2.12.090, 2.14.100, 6.15.020, 41.24.240, 41.32.052, 41.34.080, 41.35.100, 41.37.090, 41.40.052, 41.44.240, 41.26.053, 41.28.200, 43.43.310, 82.08.0206, 82.04.4451, 82.32.045, 82.04.288, 82.04.050, 82.04.192, 82.04.050, 82.04.288, and 1.90.100; amending 2023 c 456 s 3 (uncodified); adding a new section to chapter 74.20A RCW; adding new sections to chapter 82.08 RCW; adding new sections 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; and providing effective dates. NEW SECTION. Sec. 1. INTENT.(1) The legislature finds that the state, through the state's general fund, invests in K-12 education, health care, higher education, other essential governmental services, and the working families' tax credit, all of which help Washingtonians succeed and thrive. (2) These general fund dollars help the state meet its paramount duty to make ample provision for the education of all children in the state, including children who qualify for special education services, creating the opportunity for each child to succeed in school and achieve success …

Read the full official text

Sponsors

• Jamie Pedersen (D) · primary sponsor
• Mike Chapman (D)
• Noel Frame (D)
• Jessica Bateman (D)
• Tina Orwall (D)
• Vandana Slatter (D)
• Emily Alvarado (D, 34)
• Samuel Hunt (D)
• Liz Lovelett (D)
• Marcus Riccelli (D)
• Sharon Shewmake (D)
• Javier Valdez (D)

Latest actions

1. March 30, 2026: Effective date 6/11/2026*.
2. March 30, 2026: Chapter 238, 2026 Laws.
3. March 30, 2026: Governor signed.
4. March 13, 2026: Delivered to Governor.
5. March 12, 2026: Speaker signed.
6. March 12, 2026: President signed.
7. March 11, 2026: Passed final passage; yeas, 27; nays, 21; absent, 0; excused, 1.
8. March 11, 2026: Senate concurred in House amendments.
9. March 9, 2026: Third reading, passed; yeas, 51; nays, 46; absent, 0; excused, 1.
10. March 9, 2026: Rules suspended. Placed on Third Reading.

Votes

• Final Passage As Amended by the House (March 11, 2026): 27 yea, 21 nay, passed
• Concur in House amendment(s) (March 11, 2026): 27 yea, 21 nay, passed
• Postpone Indefinitely (March 9, 2026): 38 yea, 58 nay, failed
• Final Passage as Amended by the House (March 9, 2026): 51 yea, 46 nay, passed
• 2615 Rule Pg 106 Ln 33 (March 9, 2026): 57 yea, 36 nay, passed
• 2614 Reeves Pg 5 Ln 33 (March 9, 2026): 47 yea, 49 nay, failed

Common questions

What is SB6346?

SB6346 is a bill in the Washington Legislature (2025-26 Regular Session): Tax on millionaires.

What does SB6346 do?

In its own words: An act Relating to investing in Washington families and businesses to fund K-12 education, health care, higher education, other essential governmental services, and the working families' tax credit, and to reduce certain sales and use taxes and certain business and occupation taxes by establishing a tax on millionaires…

What is the status of SB6346?

Signed into law as of March 30, 2026. Latest action: Effective date 6/11/2026*. (March 30, 2026).

Who sponsored SB6346?

Jamie Pedersen (D), with 11 co-sponsors.

Where is the official record for SB6346?

On the Washington Legislature website: https://app.leg.wa.gov/billsummary?BillNumber=6346&Year=2025