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CPA Practice Advisor · Dec 26, 2025

Gov. Ferguson Expresses Support for Income Tax on Millionaires in Washington State

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 Gov. Ferguson Expresses Support for Income Tax on Millionaires in Washington .... General industry update.

Summary

Gov. Bob Ferguson said Dec. 23 the proposal would be tied to reducing sales taxes on baby and hygiene items, expanding the working families tax credit, increasing K-12 school funding, and lowering the key tax rate for small businesses.

Classification

Category: backgroundPriority: informationalReason: General tax news

Applies To

1065

Affected Groups

Partnership/LLC preparers

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

Read original article