Bill > HB1883

This bill extends the Washington Customized Employment Training Program tax credit until July 1, 2031, providing businesses with a 50% tax credit for payments made to the employment training finance account. The legislature recognizes the program's value in supporting workforce development, noting that 75% of participating businesses successfully complete training and repay their training allowances. The bill modifies reporting requirements for the college board, now focusing on the distribution of credit eligibility by county, the geographic spread of qualified training institutions, and efforts to expand program participation across different industries. Starting in 2028, the college board must submit a report to legislative higher education committees with these specific details. The bill also includes a performance statement emphasizing the tax preference's goal of enhancing worker skills and supporting business retention and expansion in Washington. If future reviews confirm that 75% of businesses complete training and repay loans, the legislature may consider further extending the tax credit. The tax preference is set to expire on July 1, 2033, providing a clear timeline for program evaluation and potential continuation.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=1883&Year=2025&Initiative=false