Washington State Passes Major Income Tax Hike
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Washington State Passes Major Income Tax Hike: Funding Education and Low-Income Families
Washington state lawmakers have approved a significant new tax on personal income over one million dollars a year, marking the largest change to the states tax policy in nearly a century. The tax, set at 9.9%, will take effect in 2029 and will fund tax relief and new spending, including free school meals for all K-12 students, an expanded working families tax credit, sales tax breaks on diapers and medicine, and small business cuts. While supporters highlight the benefits for families and kids, business groups have pushed back, warning of potential harm to the states competitive edge and legal challenges in state and federal courts.
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