The bill amends RCW 82.04.44525 to extend a tax credit for eligible persons engaged in international services, allowing them to receive a credit against their tax due based on qualified employment positions in designated eligible areas. The credit, which amounts to three thousand dollars for each qualified employment position created after July 1, 1998, is available for the calendar year the position is filled and for the subsequent four years, provided the position is maintained. The bill specifies that the credit cannot be claimed for positions that existed prior to July 1, 1998, and outlines the criteria for what constitutes an eligible area and eligible person.

Additionally, the bill introduces an expiration date for the tax credit, stating that the provisions will expire on July 1, 2025. This change aims to provide a clear timeline for the tax preference, ensuring that the benefits are time-limited and subject to review. The bill also emphasizes the importance of maintaining records for verification of eligibility and outlines the consequences for ineligible claims, including the immediate repayment of credited taxes with interest.

Statutes affected:
Original Bill: 82.04.44525