SB 6809 - Working Family Tax Exemption - Washington Key Vote

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Title: Working Family Tax Exemption

Highlights:

- Requires that starting in 2009 the state must give eligible families a state tax rebate equal to 5 percent of the earned income tax credit or $25, whichever is greater. Starting in 2011, the rebate will increase to 10 percent or $50, whichever is greater (sec. 2). - Requires the state legislature to approve the funds for the tax exemption program in the state budget for it to go into effect (sec. 2). - Limits Department of Revenue costs for the exemption program to initial start-up costs (sec. 2). - Substitute offered by the Senate Ways and Means Committee.

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

See How Your Politicians Voted

Title: Working Family Tax Exemption

Highlights:

- Requires that starting in 2009 the state must give eligible families a state tax rebate equal to 5 percent of the earned income tax credit or $25, whichever is greater. Starting in 2011, the rebate will increase to 10 percent or $50, whichever is greater (sec. 2). - Requires the state legislature to approve the funds for the tax exemption program in the state budget for it to go into effect (sec. 2). - Limits Department of Revenue costs for the exemption program to initial start-up costs (sec. 2). - Substitute offered by the Senate Ways and Means Committee.

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

See How Your Politicians Voted

Title: Working Family Tax Exemption

Highlights:

- Requires that starting in 2009 the state must give eligible families a state tax rebate equal to 5 percent of the earned income tax credit or $25, whichever is greater. Starting in 2011, the rebate will increase to 10 percent or $50, whichever is greater (sec. 2). - Allows the state to suspend the tax credit if funds are not provided for it in the state budget (sec. 2). - Substitute offered by the Senate Committee on Ways and Means.

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

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