HB2486 – Extending the commute trip reduction tax credit program and increasing the benefits.
Prime Sponsor – Representative Wylie (D; 49th District; Vancouver)
Current status – Referred to Finance.
Next step would be – Scheduling a hearing.
Legislative tracking page for the bill.
Summary –
The bill would extend the commute trip reduction business and occupation tax credit program for two years, until June 2026. It would drop the provision limiting the credit to 50% of what an employer spends on the program, and raise the allowable credit per employee from $60 to $100. It would reduce the maximum credit an employer could receive in a given year from $100,000 to $50,000, and raise the cap for the whole program from $2,750,000 to $4,300,000.