As Washington faces a looming $12–16 billion budget deficit, Democratic leaders unveil a sweeping $17 billion tax package in an effort to close the gap and fund state programs.
Tonight on Legislative Review, we break down the major proposals debated in the Senate Ways & Means Committee:
Capital Gains & Estate Tax (SB 5813) — Higher rates on wealth and large estates
Property Tax Increases (SB 5812/HB 2049) — Local governments could raise levies by up to 3% annually
EV Credit Tax (SB 5811/HB 2077) — Targeting automakers profiting from ZEV credits
Service & Nicotine Tax (SB 5814) — New taxes on IT, staffing, security services & nicotine pouches
Business & Occupation Tax Reform (SB 5815) — Higher B&O taxes for large and mid-sized companies
Hear testimony from advocates and opponents, including voices from the Faith Action Network, Washington Policy Center, American Cancer Society, and more.
(4/17/25)