119-s-4490In Committee
Fair Trusts for Fiscal Responsibility Act
Sponsored by Murray, Patty (Democrat-WA) · Senate · Introduced May 12, 2026
AI-assisted analysis: Summaries and rider analysis are generated using AI and reviewed for accuracy. This tool is for informational purposes only. Always verify with official sources before making decisions.Learn about our methodology.
Plain-English Summary (AI-assisted)
This bill proposes to amend federal tax law to impose a new tax on the assets held in trusts. The specific tax rate, exemption thresholds, and implementation details are not provided in the limited text available.
Taxation
Legislative Status Timeline
Introduced
May 12, 2026
In Committee
May 12, 2026
Passed House
Pending
Passed Senate
Pending
Presidential Action
Pending
Sponsor
M
Murray, Patty
Independent · WA
Want to know when this bill's status changes?
Get notified about 119-s-4490 and other WA legislation.