Millionaire Tax Advances in Washington State as Legal Duel Looms

March 11, 2026, 3:59 PM UTC

Washington state is set to approve a new tax on millionaires, a measure that would shift how the state raises money and set off a likely court fight over a nearly century-old legal ruling.

The state’s Democratic-controlled House of Representatives passed the proposal late Tuesday after lawmakers debated through Monday night. The bill now goes to the Senate, where it is widely expected to win approval.

Governor Bob Ferguson, also a Democrat, vowed to sign the measure, saying it would “apply to less than one half of one percent of Washingtonians, but make life more affordable for millions.” Enactment ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.