Seattle City Councilmember Teresa Mosqueda has proposed a new “payroll expense” tax; it has not been officially introduced, but a draft will be discussed in a budget committee meeting today. The proposal is similar to the payroll expense tax introduced by councilmembers Sawant and Morales in April. The table below compares the proposals. Notably, the Mosqueda proposal includes a sunset clause and it has different tax rates depending on the size of the business and employee compensation.

Meanwhile, at the state level, Rep. Chopp has proposed three new taxes (details are scant at this point):

• A tax on large corporations such that they would have to pay “a 5% corporate contribution on per employee compensation exceeding half a million dollars” and “a 10% corporate contribution on per employee compensation exceeding ten million dollars,”
• A social insurance-type tax “with a more progressive premium payment structure,” and
• A capital gains tax.

Opportunity Washington has more on the possibility of new state taxes here.