Washington State’s 9.9% Millionaire Tax Heads for Vote
29th September 2026
Washington state voters will decide in November whether to repeal a new 9.9% income tax on earnings above $1 million, setting up a major ballot fight over taxes, government spending, and the state’s business climate, The New York Times reported.
The tax, signed into law by Democrat Gov. Bob Ferguson in March, is scheduled to take effect Jan. 1, 2028. It imposes a 9.9% levy on Washington taxable income above a $1 million deduction for individuals and married couples filing jointly.
Initiative 26-645, certified for the Nov. 3 ballot, would repeal the tax before it takes effect and prohibit state and local governments from imposing taxes on individual income in the future.
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