WA HB2100

Imposes a 5% payroll expense tax on large operating companies (more than 20 employees, over $5 million in gross receipts) for employee wages exceeding $125,000, beginning July 1, 2026

Creates the Well Washington Fund Account, with 51% of tax revenues deposited starting July 1, 2027 (49% to state general fund); funds restricted to higher education, health care/Medicaid, cash assistance programs, and energy/housing programs

Establishes a 25-member oversight board with 10 House members, 10 Senate members, and 5 gubernatorial appointees to provide guidance on federal funding gaps and ensure accountability

Exempts employers with total employee wages under $7 million and provides credits for eligible city payroll expense taxes already paid

Responds to projected federal cuts from H.R. 1 (Public Law 119-21), including up to $51 billion in Medicaid funding loss, 900,000 residents losing SNAP benefits, and $200 million in shifted SNAP administration costs