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Washington SB6346 Millionaires Tax Signed March 30, 2026

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Summary

Washington State enacted SB6346, a bill establishing a new tax on high-net-worth individuals (millionaires). The bill was signed by the Governor on March 30, 2026, and takes effect June 11, 2026. The legislation passed the Senate 27-21 and the House 51-46 along party lines.

“Establishing a tax on millionaires.”

Published by WA Legislature on changeflow.com . Detected, standardized, and enriched by GovPing. Review our methodology and editorial standards .

What changed

Washington SB6346 establishes a new tax on individuals with net worth exceeding $1 million (millionaires) within Washington State. The bill was signed into law by the Governor on March 30, 2026, having passed the House 51-46 and the Senate 27-21, and becomes effective June 11, 2026.\n\nHigh-net-worth individuals residing in or with nexus to Washington State should monitor for detailed implementation guidance from the Washington State Department of Revenue ahead of the June 11, 2026 effective date. Tax professionals and affected individuals should begin reviewing potential filing and payment obligations under the new tax framework.

Archived snapshot

Apr 22, 2026

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ChangeBridge / Washington / SB6346 Signed by Governor SB6346 Senate Bill Signed by Governor 2026-03-30

Establishing a tax on millionaires.

Bill Details

State Washington

Session 2025-2026 Regular Session

Chamber Senate

Official Source app.leg.wa.gov/billsummary?BillNumber=6346...

LegiScan View on LegiScan

Sponsors

Jamie Pedersen (Sen - D) Mike Chapman (Sen - D) Noel Frame (Sen - D) Jessica Bateman (Sen - D) Tina Orwall (Sen - D) Vandana Slatter (Sen - D) Emily Alvarado (Sen - D) Victoria Hunt (Rep - D) Liz Lovelett (Sen - D) Marcus Riccelli (Sen - D) Sharon Shewmake (Sen - D) Javier Valdez (Sen - D) Lisa Wellman (Sen - D) Robert Hasegawa (Sen - D) June Robinson (Sen - D) John Lovick (Sen - D) Steven Conway (Sen - D) Yasmin Trudeau (Sen - D) Annette Cleveland (Sen - D) Claudia Kauffman (Sen - D) Claire Wilson (Sen - D) Manka Dhingra (Sen - D) Derek Stanford (Sen - D) T'wina Nobles (Sen - D) Rebecca Saldana (Sen - D) Jesse Salomon (Sen - D)

Action History

2026-03-30 S Effective date 6/11/2026*. 2026-03-30 S Chapter 238, 2026 Laws. 2026-03-30 S Governor signed. 2026-03-13 S Delivered to Governor. 2026-03-12 H Speaker signed. 2026-03-12 S President signed. 2026-03-11 S Passed final passage; yeas, 27; nays, 21; absent, 0; excused, 1. 2026-03-11 S Senate concurred in House amendments. 2026-03-09 H Third reading, passed; yeas, 51; nays, 46; absent, 0; excused, 1. 2026-03-09 H Rules suspended. Placed on Third Reading. 2026-03-09 H Floor amendment 2026-03-09 H Committee amendment not adopted. 2026-03-06 H Rules Committee relieved of further consideration. Placed on second reading. 2026-03-02 H Referred to Rules 2 Review. 2026-02-27 H Minority; without recommendation. 2026-02-27 H Minority; do not pass. 2026-02-27 H FIN - Majority; do pass with amendment 2026-02-27 H Executive action taken in the House Committee on Finance at 8:00 AM. 2026-02-24 H Public hearing in the House Committee on Finance at 8:00 AM. 2026-02-17 H First reading, referred to Finance. 2026-02-16 S Third reading, passed; yeas, 27; nays, 22; absent, 0; excused, 0. 2026-02-16 S Rules suspended. Placed on Third Reading. 2026-02-16 S Floor amendment 2026-02-16 S 1st substitute bill substituted 2026-02-12 S Placed on second reading by Rules Committee. 2026-02-09 S Passed to Rules Committee for second reading. 2026-02-09 S Minority; without recommendation. 2026-02-09 S Minority; do not pass. 2026-02-09 S WM - Majority; 1st substitute bill be substituted, do pass. 2026-02-09 S Executive action taken in the Senate Committee on Ways & Means at 10:30 AM. 2026-02-06 S Public hearing in the Senate Committee on Ways & Means at 1:30 PM. 2026-02-04 S First reading, referred to Ways & Means.

Votes

2026-02-09 Senate Committee on Ways & Means: 1st substitute bill be substituted, do pass Yea: 14 Nay: 8 2026-02-16 Senate 3rd Reading & Final Passage Yea: 27 Nay: 22 2026-02-27 House Committee on Finance: do pass with amendment(s) Yea: 9 Nay: 5 2026-03-09 House Final Passage as Amended by the House Yea: 51 Nay: 46 2026-03-11 Senate Final Passage As Amended by the House Yea: 27 Nay: 21

Committee Referrals

2026-02-04 S Ways & Means 2026-02-09 S Rules 2026-02-17 H Finance 2026-03-02 H Rules

Amendments

0000-00-00 Senate Floor Amendment 0000-00-00 Senate Floor Amendment 0000-00-00 Senate Floor Amendment 0000-00-00 Senate Floor Amendment 0000-00-00 Senate Floor Amendment 2026-02-16 Senate Floor Amendment Adopted 2026-02-16 Senate Floor Amendment Adopted 2026-02-16 Senate Floor Amendment Adopted 2026-02-16 Senate Floor Amendment Adopted 2026-02-16 Senate Floor Amendment Adopted 0000-00-00 House Committee Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 0000-00-00 House Floor Amendment 2026-03-09 House Engrossed Amendment Adopted

Bill Text Versions

0000-00-00 Introduced 0000-00-00 Comm Sub 0000-00-00 Engrossed 0000-00-00 Enrolled 0000-00-00 Chaptered Legislative data powered by LegiScan (CC BY 4.0)

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Last updated

Classification

Agency
WA Legislature
Published
June 11th, 2026
Compliance deadline
June 11th, 2026 (50 days)
Instrument
Rule
Branch
Legislative
Bill ID
SB6346
Legal weight
Binding
Stage
Final
Change scope
Substantive
Docket
SB6346

Who this affects

Applies to
Investors Individuals High net worth individuals
Industry sector
9211 Government & Public Administration
Activity scope
Wealth tax administration Individual income reporting
Threshold
Individuals with net worth exceeding $1 million
Geographic scope
Washington US-WA

Taxonomy

Primary area
Taxation
Operational domain
Finance
Topics
Wealth Tax

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