Budget & Taxes (Tax Credits)

HB 1895 creates a tax credit for Washington small businesses (50 or fewer employees) that pay for employees' educational expenses at accredited institutions. The credit covers 100% of costs for tuition, books, and on-campus lodging related to associate degrees, apprenticeships, or technical programs, up to $20,000 per business annually. Businesses must apply through the state department, and unused credits can be carried forward for one year. The credit expires January 1, 2037 for the benefit amount and January 1, 2038 for the entire provision.

HB 1019 creates a 25% tax credit for Washington farmers purchasing eligible items like new equipment, seeds, and conservation infrastructure. To qualify, farmers must participate in a state conservation program or receive conservation grant funds from the Washington State Conservation Commission. The credit, which cannot exceed annual tax liability, can be carried forward for up to two years if unused. The tax incentive expires on January 1, 2036, and applies only to farmers meeting specific conservation program participation criteria.