Increases the working families' tax credit to account for property taxes included in rental costs.

The bill amends the working families' tax credit to reflect the economic impact of property taxes incorporated into rental amounts charged to residential tenants. It adjusts the credit refund amount based on the number of qualifying children and income levels, with additional credit for those who leased or rented their primary residence in Washington for at least 183 days. The credit is refundable and calculated based on federal income tax returns, with adjustments for inflation starting in 2024.

Increases the working families' tax credit to account for property taxes included in rental costs.

The bill amends the working families' tax credit to reflect the economic impact of property taxes incorporated into rental amounts charged to residential tenants. It adjusts the credit refund amount based on the number of qualifying children and income levels, with additional credit for those who leased or rented their primary residence in Washington for at least 183 days. The credit is refundable and calculated based on federal income tax returns, with adjustments for inflation starting in 2024.