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Washington · 2025–26 Regular Sessions · Bill

SB 5797: Intangible assets tax

Passed one chamber Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

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.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official title

AN ACT Relating to enacting a wealth tax on stocks, bonds, and other financial intangible assets for the benefit of public schools;

Nonpartisan staff bill reports (analyses) are available on the official bill page.

Sponsors

Sponsors by party (alphabetical): Democratic 30

NameRolePartyChamberDistrict
Noel FramePrimary sponsorDemocraticSenate36
Noel FramePrimary sponsorDemocraticSenate36
Emily AlvaradoCo-sponsorDemocraticSenate34
Emily AlvaradoCo-sponsorDemocraticSenate34
Jessica BatemanCo-sponsorDemocraticSenate22
Jessica BatemanCo-sponsorDemocraticSenate22
Manka DhingraCo-sponsorDemocraticSenate45
Manka DhingraCo-sponsorDemocraticSenate45
Bob HasegawaCo-sponsorDemocraticSenate11
Bob HasegawaCo-sponsorDemocraticSenate11
Liz LovelettCo-sponsorDemocraticSenate40
Liz LovelettCo-sponsorDemocraticSenate40
T'wina NoblesCo-sponsorDemocraticSenate28
T'wina NoblesCo-sponsorDemocraticSenate28
Jamie PedersenCo-sponsorDemocraticSenate43
Jamie PedersenCo-sponsorDemocraticSenate43
Bill RamosCo-sponsorDemocraticSenate5
Bill RamosCo-sponsorDemocraticSenate5
Marcus RiccelliCo-sponsorDemocraticSenate3
Marcus RiccelliCo-sponsorDemocraticSenate3
Derek StanfordCo-sponsorDemocraticSenate1
Derek StanfordCo-sponsorDemocraticSenate1
Yasmin TrudeauCo-sponsorDemocraticSenate27
Yasmin TrudeauCo-sponsorDemocraticSenate27
Javier ValdezCo-sponsorDemocraticSenate46
Javier ValdezCo-sponsorDemocraticSenate46
Lisa WellmanCo-sponsorDemocraticSenate41
Lisa WellmanCo-sponsorDemocraticSenate41
Claire WilsonCo-sponsorDemocraticSenate30
Claire WilsonCo-sponsorDemocraticSenate30

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. By resolution, reintroduced and retained in present status.
  2. Rules Committee relieved of further consideration. On motion, referred to Ways & Means.
  3. First reading, referred to Finance.
  4. Third reading, passed; yeas, 26; nays, 21; absent, 0; excused, 1.
  5. Floor amendment(s) adopted.
  6. Rules suspended. Placed on Third Reading.
  7. 1st substitute bill not substituted.
  8. By resolution, returned to Senate Rules Committee for third reading.
  9. Placed on second reading by Rules Committee.
  10. Passed to Rules Committee for second reading.
  11. Minority; do not pass.
  12. WM - Majority; 1st substitute bill be substituted, do pass.

Showing 12 most recent of 14 actions. Full history

Sources

  1. Washington State Legislature Web Services
  2. Official bill page