About 1,000 high-income earners across Southwest Washington will likely pay the state’s first income tax in nearly a century.
Lawmakers passed the so-called millionaires tax Wednesday, shortly before approving an $80.2 billion supplemental operating budget and adjourning Thursday evening.
Senate Bill 6346 will place a 9.9 percent tax on individuals or couples earning more than $1 million a year starting in 2028. Gov. Bob Ferguson has yet to sign the bill but is expected to do so…