Washington SB6093 proposes a payroll expense tax on large operating companies to fund services benefiting Washingtonians.

Washington SB6093 introduces a payroll expense tax on large operating companies to fund services benefiting Washingtonians. The tax applies to companies with more than 20 employees, over $5 million in gross receipts, and a U.S. address. The tax is levied on wages exceeding the additional Medicare tax threshold. Revenues from this tax will be deposited into the Well Washington Fund Account, which can only be used for higher education, health care, cash assistance programs, and energy and housing programs.

Washington SB6093 proposes a payroll expense tax on large operating companies to fund services benefiting Washingtonians.

Washington SB6093 introduces a payroll expense tax on large operating companies to fund services benefiting Washingtonians. The tax applies to companies with more than 20 employees, over $5 million in gross receipts, and a U.S. address. The tax is levied on wages exceeding the additional Medicare tax threshold. Revenues from this tax will be deposited into the Well Washington Fund Account, which can only be used for higher education, health care, cash assistance programs, and energy and housing programs.