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AI Summary: The bill aims to impose a targeted property tax on extreme wealth generated from stocks, bonds, and other financial assets to benefit Washington families and establish a fairer tax system. It focuses on taxing intangible property to address wealth disparities. This legislation intends to generate revenue for public services while ensuring that extreme wealth contributes equitably to the community's well-being.
Latest Action: First reading, referred to Finance.
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Actions (3):
2023-01-20 : First reading, referred to Finance.
2023-02-14 : Public hearing in the House Committee on Finance at 8:00 AM.
2024-01-08 : By resolution, reintroduced and retained in present status.
Democrat Republican