Gov. Bob Ferguson signed Washington’s first personal income tax on high earners following a marathon legislative debate. Opponents are preparing a legal challenge, arguing the measure is unconstitutional.
Breakdown
- Governor Ferguson signed the 9.9% tax on income over $1 million into law
- The law marks Washington's first personal income tax, affecting less than 0.5% of residents 19s
- Revenue will fund free K-12 meals, tax credits, child care, and small business support 47s
- Some high earners support the tax as a step toward fairness 1m 8s
- Opponents plan legal challenges, calling the tax unconstitutional 1m 36s