HB 1890: Relating to modifying sales tax exemptions for working families

Sponsored by Rep. Reykdal, HB 1890 repeals current law related to the out of state sales tax exemption and funds the working families tax credit, which was previously included in statute.   For 2014 and thereafter, the working families’ tax exemption for the prior year is equal to a minimum of three and one-half percent of the eligible credit applied for as a result of 26 U.S.C. Sec. 32 of the federal internal revenue code.  Further, HB 1890 allows the legislature to appropriate additional funding to increase the exemption amount in subsection (3) of this section in the state omnibus appropriations act.