2025-2026 Regular Session • Washington Legislature
SB5797
Legislative Summary
Revised for 1st Substitute: Enacting a wealth tax on stocks, bonds, and other financial intangible assets for the benefit of public schools.
Demographic Impact
Overall analysis of equity impact
60% Positive
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Bill History
3/21/2025
First reading, referred to Ways & Means.
Senate
3/31/2025
Public hearing in the Senate Committee on Ways & Means at 4:00 PM.
Senate
4/18/2025
Executive action taken in the Senate Committee on Ways & Means at 9:00 AM.
Senate
4/18/2025
WM - Majority; 1st substitute bill be substituted, do pass.
Senate
4/18/2025
Minority; do not pass.
Senate
4/18/2025
Minority; without recommendation.
Senate
4/19/2025
Passed to Rules Committee for second reading.
Senate
4/19/2025
Placed on second reading by Rules Committee.
Senate
Amendments
Senate Floor Amendment
Warnick 5797-S AMS WARN S3265.1
Not Adopted
Roll Call Votes
Senate Committee on Ways & Means: 1st substitute bill be substituted, do pass
4/18/2025
13
Yea
10
Nay
1
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Introduced(3/21/2025)
Chamber
Senate
