The Office of Governor Bob Ferguson has announced the governor will sign the 'millionaires tax' bill into law on Monday. We look at what it is, and how to watch the event live.
The Office of Governor Bob Ferguson has announced the governor will sign the "millionaires tax" bill into law on Monday following its passing in the state legislature. The Mar. 30 signing event will air on TV on FOX 13, as well as stream live on the FOX 13 YouTube page.
State government officials are gathering at the Legislative Building in Olympia for the proceedings.Gov. Ferguson is scheduled to sign the bill around 10 a.m. Additionally, he will sign more bills around 1:30 p.m. Those will relate to immigration policy. The bill will institute a 9.90% income tax rate on households earning more than $1 million annually. The new tax would go into effect as of Jan. 1, 2028.According to the governor's office, funds from this tax will go to the following:Republican state representatives have already said they plan to repeal the bill. In previous remarks during the negotiation period, Republicans argued the proposal was unconstitutional, warning it could easily be misinterpreted and expand beyond millionaires. Where is Jonathan Hoang? WA man with autism disappeared 1 year agoAs fuel prices rise, WA farmers face mounting challengesPolice say WA man shoots kid in the chest for throwing a water balloonSeattle high-rises connected by decommissioned Boeing 747 fuselageSCOTUS hears case that could impact WA ballot countingTo get the best local news, weather and sports in Seattle for free, sign up for the daily FOX Seattle Newsletter.Download the free FOX LOCAL app for mobile in the Apple App Store or Google Play Store for live Seattle news, top stories, weather updates and more local and national news.
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