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WA SB6093
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Rebecca Saldana
Click for details
AI Summary
- 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, effective July 1, 2026
- Creates the "Well Washington Fund Account" to offset anticipated federal funding cuts from H.R. 1, with 51% of tax revenues deposited into the fund beginning July 1, 2027 and 49% going to the state general fund
- Expenditures from the fund are restricted to higher education, health care (especially Medicaid), cash assistance programs, and energy and housing programs
- Establishes a 25-member oversight board with legislators from both chambers and five gubernatorial appointees to provide guidance on funding needs and ensure accountability
- Employers with total employee wages under $7 million are exempt; employers may claim credit for eligible city payroll expense taxes already paid
Legislative Description
Enacting an excise tax on large operating companies on the amount of payroll expenses above the minimum wage threshold of the additional medicare tax to fund services to benefit Washingtonians and establishing the Well Washington fund account.
Last Action
First reading, referred to Ways & Means.
1/13/2026
Committee Referrals
Ways & Means1/13/2026
Full Bill Text
No bill text available