WA SB5682

Extends the customized employment training program tax credit expiration from July 1, 2026 to July 1, 2031, with the overall section expiring July 1, 2033

Tax credit equals 50% of a participant's payments to the employment training finance account; credits can carry over to subsequent calendar years

Requires the State Board for Community and Technical Colleges to submit a report to the legislature by December 31, 2028 on credit distribution by county, training institution locations, and outreach efforts

75% of participating businesses completed customized training and repaid their training allowances, meeting the performance threshold set by the 67th legislature for extension

Participants who fail to meet program requirements must remit the value of credits taken plus interest to the department