HB1319 shall amend the current statute relating to the creation of a Washington recovery rebate and temporarily expand the working families’ tax exemption.
HB1319 shall require that for remittances made in fiscal year 2021, the working families’ tax exemption for the prior year is equal to the greater of 20 percent of the credit granted in the most recent year for which data is available or $100. For fiscal year 2022 and thereafter, the working families’ tax exemption for the prior year shall be equal to the greater of 10 percent of the credit in the most recent year for which data is available, or $50. HB1319 shall take effect immediately.
