Measure Title: RELATING TO A WEALTH ASSET TAX.
Report Title: Department of Taxation; Wealth Asset Tax; Wealth Tax; State Net Worth
Description: Beginning January 1, 2030, establishes a wealth asset tax of one per cent of the state net worth of each individual taxpayer who holds $20,000,000 or more in assets in the State. Effective 4/23/2057. (SD1)
Companion:  HB1235
Package: None
Current Referral: JDC, WAM
Introducer(s): RHOADS
Act:

Sort by DateChamberStatus Text
2/12/2025SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/12/2025SReported from JDC (Stand. Com. Rep. No. 359) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
1/30/2025SThe committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Awa; Aye(s) with reservations: Senator(s) Chang, San Buenaventura ; 0 No(es): none; and 0 Excused: none.
1/27/2025SThe committee(s) on JDC has scheduled a public hearing on 01-30-25 9:15AM; Conference Room 016 & Videoconference.
1/21/2025SReferred to JDC, WAM.
1/15/2025SIntroduced and passed First Reading.
1/14/2025SPending Introduction.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB313 SD1

All Versions of this Measure

SB313_SD1 Link to SB313_SD1 .PDF file
SB313 Link to SB313 .PDF file

Committee Reports

SB313_SD1_SSCR359_ Link to committee report SB313_SD1_SSCR359_ .PDF file

Testimony

SB313_TESTIMONY_JDC_01-30-25_

Hearing Notices

JDC
1/30/25 9:15A
CR 016 & Videoconference