WA HB1569

Creates a "discretionary tax expenditure budget" that must be included in the state's biennial operating budget, requiring tax preferences without expiration dates or those recommended for review to be reauthorized every two years or expire

Requires the Department of Revenue to submit biennial reports (starting December 1, 2025) on discretionary tax expenditures to the legislature, replacing the previous four-year reporting cycle

Prohibits new or existing discretionary tax expenditures from being approved for 10 years after the act's effective date, and mandates that tax preferences not included in the adopted budget expire at calendar year-end

Requires all discretionary tax expenditures to have expiration dates of no more than 10 years and revenue impacts exceeding $50,000 per fiscal year or $100,000 per biennium

Mandates the Joint Legislative Audit and Review Committee submit tax preference review findings by July 30th of even-numbered years, which must be incorporated into the governor's discretionary tax expenditure budget proposals