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WA HB1043
Bill
Status
Engrossed
4/17/2025
Primary Sponsor
Sharon Wylie
Click for details
AI Summary
- Extends the commute trip reduction tax credit program expiration date from July 1, 2025 to July 1, 2035, allowing employers and property managers to claim credits for incentivizing employees to use ride sharing, public transportation, car sharing, or nonmotorized commuting
- Increases the credit amount from 50% of amounts paid to 100% of amounts paid per employee, up to the existing $60 per employee per fiscal year cap
- Reduces the maximum tax credit any single person may be approved for from $100,000 to $50,000 per fiscal year
- Maintains the total statewide annual credit cap at $2,750,000 per fiscal year, with ratable reduction if applications exceed the limit
- Takes effect July 1, 2025 and is declared an emergency measure necessary for public peace, health, safety, or support of state government
Legislative Description
Extending the commute trip reduction tax credit.
Last Action
Referred to Finance.
1/12/2026
Committee Referrals
Finance1/12/2026
Rules4/27/2025
Ways & Means4/18/2025
Rules2/28/2025
Finance1/13/2025
Full Bill Text
No bill text available