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WA HB1677

WA HB1677
Concerning employer tax incentives for the support of veterans and military families.


summary

Introduced
01/10/2022
In Committee
02/03/2022
Crossed Over
Passed
Dead
03/10/2022

Introduced Session

2021-2022 Regular Session

Bill Summary

AN ACT Relating to employer tax incentives for the support of veterans and military families; amending RCW 82.04.4498 and 82.16.0499; creating a new section; and providing expiration dates.

AI Summary

This bill extends and expands tax incentives for employers who hire veterans, spouses of veterans, and spouses of active-duty military members. Key provisions include: - Increasing the tax credit from $1,500 to $3,000 per qualified employee hired on or after July 1, 2022. - Expanding eligibility to include spouses of veterans and active-duty military, not just unemployed veterans. - Removing the requirement that a veteran be unemployed for at least 30 days before being hired to qualify. - Increasing the statewide annual cap on the total tax credits from $500,000 to $5,000,000. - Extending the expiration date of the tax incentive program from 2023 to 2033. The goal is to support veterans, military families, and address labor shortages by providing employers with stronger financial incentives to hire these groups.

Committee Categories

Budget and Finance

Sponsors (18)

Last Action

Referred to Rules 2 Review. (on 02/03/2022)

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