SB 5424 amends the current statute regarding the eligibility, requirements, and timeline for the implementation of the working families' tax exemption, in the form of a remittance of tax due under this existing RCW is provided to eligible low-income after January 1, 2022.
For 2023 and thereafter, the working families' tax remittance amount for the prior year is equal to the greater of 10 percent of the credit granted in the most recent year for which data is available or $50.
Among other provisions, receipt of the remittance may not be used in eligibility determinations for any state income support programs or in making public charge determinations. Also, the working families' tax exemption shall be approved by the legislature before persons may claim the exemption during the fiscal period. Additionally, the department may adopt rules necessary to implement this section.