Bill > HB1224

This bill modifies the working families' tax credit (WFTC) by enhancing its administration and collection services through several key provisions. The bill updates eligibility criteria for low-income individuals, including those with individual taxpayer identification numbers (ITINs) or those filing separately, and establishes graduated tax credit amounts ranging from $300 to $1,200 based on the number of qualifying children. It introduces mechanisms for application, verification, and audit of tax credit claims, including allowing individuals to apply for missed credits within three additional years. The bill also permits the department of revenue to verify eligibility through various means, including automated tools and information from federal agencies. Additionally, the bill mandates a data-sharing agreement between the department of revenue and the relevant state authority to facilitate information exchange while maintaining confidentiality. The legislation includes provisions for handling overpayments, with penalties for fraudulent claims and a process for addressing under- or over-claimed credits. Notably, the bill specifies that receipt of the tax credit will not impact eligibility for income support programs or public charge determinations, and it applies both prospectively and retroactively to January 1, 2023.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=1224&Year=2025&Initiative=false