Bill > SB5963

This bill amends the existing law on the working families' tax credit, also known as the working families tax exemption. The key provisions include: 1. Renaming the "working families' tax exemption" to the "working families' tax credit" and changing it from a tax exemption to a tax refund. 2. Expanding the definition of "eligible low-income person" to include individuals who filed a federal tax return using an individual taxpayer identification number instead of a social security number. 3. Adjusting the credit amounts and phase-out thresholds based on the number of qualifying children. 4. Requiring the Department of Revenue to administer the credit, including designing a public information campaign and working with the IRS to automate the process. 5. Establishing procedures for the Department of Revenue to assess and recover any overpayments of the credit. 6. Clarifying that the credit is not considered income for the purpose of state income support program eligibility or public charge determinations.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=5963&Year=2021&Initiative=false