Washington HB2398 provides tax credits for small businesses that offer maritime trade education to their employees.

Washington HB2398 introduces tax credits for small businesses that provide maritime trade educational assistance to their employees. These businesses can claim a credit equal to 100% of the costs related to providing such education. The credit applies to maritime trade educational assistance for employees working aboard or servicing U.S. flagged vessels. The credit can be carried forward for five years if not claimed in a given year, and the total credit amount cannot exceed $20,000 per person per calendar year. The credit is effective starting January 1, 2027, and expires on January 1, 2039.

Washington HB2398 provides tax credits for small businesses that offer maritime trade education to their employees.

Washington HB2398 introduces tax credits for small businesses that provide maritime trade educational assistance to their employees. These businesses can claim a credit equal to 100% of the costs related to providing such education. The credit applies to maritime trade educational assistance for employees working aboard or servicing U.S. flagged vessels. The credit can be carried forward for five years if not claimed in a given year, and the total credit amount cannot exceed $20,000 per person per calendar year. The credit is effective starting January 1, 2027, and expires on January 1, 2039.