This bill aims to expand eligibility for the working families' tax credit in Washington State to include all individuals aged 18 and older. The amendments to RCW 82.08.0206 introduce new criteria for what constitutes an "eligible low-income person," specifically allowing individuals who do not meet the age requirement but are at least 18 years old by the end of the prior federal tax year to qualify for the credit. Additionally, the bill outlines the refund amounts for eligible persons based on the number of qualifying children and establishes a framework for adjusting these amounts for inflation starting January 1, 2024.

Furthermore, the bill includes provisions for the administration of the tax credit, ensuring that the application process is accessible and that personal data of recipients is protected. It mandates a review of the tax preference by the joint legislative audit and review committee every ten years, with specific metrics to evaluate its effectiveness in providing financial relief to low-income and middle-income households. The act is set to take effect on January 1, 2026, and includes a new section stating that RCW 82.32.805 does not apply to this act.

Statutes affected:
Original Bill: 82.08.0206