Two major tax proposals stir strong debate in Olympia as lawmakers confront Washington State’s growing budget deficit.
Senate Bill 5814 – A sweeping tax package proposes:
New taxes on digital services like online advertising and data processing
Higher cigarette taxes (+$2 per pack)
A new tax on synthetic nicotine products
Prepaid sales tax requirements for large businesses
Supporters argue it modernizes the tax code to fund critical services. Opponents warn of higher consumer costs and potential legal challenges.
Senate Bill 5794 – Aimed at cleaning up outdated tax breaks, this bill would roll back exemptions for:
Credit unions
Gold/precious metal dealers
Prescription drug resellers
Long-term self-storage rentals
Supporters say it’s a move toward fairness and fiscal responsibility. Industry critics say it could drive jobs out of state.
Public testimony from small businesses, local leaders, and union members underscores the high stakes for Washington residents.
(4/21/25)