House Bill 1319: wealth tax on the ownership of stocks, bonds and other financial intangible property (Washington)
LapsedA 1% annual tax on the worldwide financial intangible assets of residents above a $100 million exclusion (no deduction for debts), estimated to reach about 3,400 residents.
Overview
Washington House Bill 1319 puts a 1% annual tax on the worldwide financial intangible assets of residents above a $100 million exclusion, with no deduction for debts. The estimate is that it would reach about 3,400 residents. Representatives Street, Ormsby and Macri introduced it at the request of the Office of Financial Management, with Senate Bill 5797 as its companion.
It was introduced on 15 January 2025, referred to House Finance and carried into the 2026 session on 12 January 2026. The bill page shows no hearing or vote. The session adjourned sine die on 12 March 2026, which ended the biennium and the bill.
Written from the records and links on this page.
On the record 18
Statements, votes and sponsorships in the register whose source is this bill or one of its documents: 18 sponsorships.
“the legislature intends to create the Washington state wealth tax in the form of a one percent property tax on financial intangible assets”
HB 1319 (2025-26), Washington State Legislature ↗“the legislature intends to create the Washington state wealth tax in the form of a one percent property tax on financial intangible assets”
HB 1319 (2025-26), Washington State Legislature ↗“the legislature intends to create the Washington state wealth tax in the form of a one percent property tax on financial intangible assets”
HB 1319 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗“The legislature intends to levy a tax of $10 on every $1,000 of the true and fair value of certain financial intangible assets”
SB 5797 (2025-26), Washington State Legislature ↗
Official documents 1
From the records tracker for United States: the bill, its debates, votes and committee reports, and whether each has been read in full.
- Bill · HB 1319; SB 5797 · 2025-01-15 · Washington Legislature
What the reading found
Found: Sponsor rows from earlier runs (bill page or bill status); not re-compared this run.
Not read: Committee hearings, testimony and floor debate not read (video only or not published as text). Cosponsor list not re-compared this run.
People in the register 3
Sponsors and signatories who are on a register, each with the statement they rest on.