Washington HB1895 establishes a tax credit for small businesses that provide educational assistance to employees.

Washington HB1895 creates a tax credit for small businesses that support their employees' education. The bill defines "small business" as any Washington-based entity employing 50 or fewer employees. Eligible businesses can claim a credit equal to 100 percent of the costs related to providing educational assistance to employees. The credit is capped at $20,000 per employee per calendar year and cannot be carried forward beyond one year.

Washington HB1895 establishes a tax credit for small businesses that provide educational assistance to employees.

Washington HB1895 creates a tax credit for small businesses that support their employees' education. The bill defines "small business" as any Washington-based entity employing 50 or fewer employees. Eligible businesses can claim a credit equal to 100 percent of the costs related to providing educational assistance to employees. The credit is capped at $20,000 per employee per calendar year and cannot be carried forward beyond one year.