Washington · 2025–26 Regular Sessions · Bill

SB 5797: Intangible assets tax

Passed one chamber Last action January 12, 2026: By resolution, reintroduced and retained in present status.

Plain-language summary

SB 5797 is a bill introduced in the Washington Senate on March 21, 2025. According to its official title, it concerns: Enacting a tax on stocks, bonds, and other financial intangible assets for the benefit of public schools. Primary sponsor: Noel Frame (D), Noel Frame (D). It lists 28 additional sponsors. Most recent recorded action (January 12, 2026): By resolution, reintroduced and retained in present status.

Sponsors

Primary sponsors: Noel Frame (Democratic); Noel Frame (Democratic). 28 co-sponsors.