WA HB2047

Accelerates expiration of the tax credit for business-to-employee-ownership conversions from June 30, 2029 to June 30, 2025, with no credits claimable after July 1, 2026

Makes the Washington Employee Ownership Program, its oversight commission, and the revolving loan program account contingent on legislative appropriations rather than mandatory

Adds expiration dates of June 30, 2030 to the employee ownership program (RCW 43.330.590), the employee ownership commission (RCW 43.330.592), and the revolving loan program account (RCW 43.330.595)

Tax credit provisions remain unchanged: up to $25,000 (50% of costs) for worker cooperatives/employee ownership trusts, up to $100,000 (50% of costs) for employee stock ownership plans, with $2 million annual statewide cap