Enacting an excise tax on large operating companies on the amount of payroll expenses above the minimum wage threshold of the additional medicare tax to fund services to benefit Washingtonians and establishing the Well Washington fund account.

SB 6093 imposes a tax on large companies' payroll expenses above a threshold (based on the additional Medicare tax threshold) to create the Well Washington Fund. Starting July 1, 2027, 51% of the tax revenue will fund healthcare (including Medicaid), higher education, food assistance programs, and housing initiatives. The bill directly affects large Washington-based companies with significant payroll, while supporting residents relying on these public services. The fund will help offset state budget shortfalls caused by federal funding cuts, with revenues specifically designated for these programs.