6346-S.E AMH PENN TAYT 592

ESSB 6346 - H AMD TO H AMD (H-3793.3/26) 2590

NOT ADOPTED 03/09/2026

On page 12, line 19 of the striking amendment, strike all of section 314 and insert the following:

"NEW SECTION. Sec. ONE MILLION DOLLAR STANDARD DEDUCTION.

(1) In computing a taxpayer's Washington taxable income, a taxpayer may deduct from the taxpayer's Washington base income a standard deduction of $1,000,000 per individual, or in the case of spouses or state registered domestic partners, their combined standard deduction is $1,000,000, regardless of whether they file joint or separate returns.

(2) To determine if the taxpayer owes any tax pursuant to this chapter, the taxpayer must deduct any income included in their Washington base income that is attributable to a business or pass-through entity, regardless of the nature of goods or services provided in this state and then apply the applicable standard deduction. If the sum is $0 or less, the taxpayer will not owe any tax pursuant to this chapter. If the sum is greater than $0, the taxpayer must calculate their Washinton taxable income pursuant to subsection (1) of this section.

(3) The amount of the standard deduction in subsection (1) of this section must be annually adjusted pursuant to section 316 of this act. The standard deduction must be adjusted for nonresidents as provided in section 315 of this act."

--- END ---