This bill aims to expand eligibility for the working families' tax credit in Washington State to include all individuals aged 18 and older. It amends existing law to redefine "eligible low-income person" to include those who do not meet the age requirement under the federal tax code but are at least 18 years old by the end of the prior federal tax year. The bill also maintains the current structure of the tax credit, which is refundable and based on income levels, while adjusting refund amounts for inflation starting January 1, 2024.

Additionally, the bill includes provisions for the administration of the tax credit, ensuring that the application process is accessible and that personal data is protected. It establishes a performance review mechanism to evaluate the effectiveness of the tax credit every ten years, with the potential for expiration if it is found not to provide meaningful financial relief. The act is set to take effect on January 1, 2026, and includes a clause stating that it will be null and void if specific funding is not provided by June 30, 2025.

Statutes affected:
Original Bill: 82.08.0206
Substitute Bill: 82.08.0206