Two public hearings are scheduled related to rules proposed by the Department of Revenue (DOR) related to calculation of leasehold excise taxes in WAC 458-29A-200 and implementation of the new working families tax credit program in proposed WAC 458-20-285.

The leasehold excise tax rule proposal would clarify how concessions would be calculated for leasehold excise tax purposes. Under the proposal, if the rent is based on a percentage of sales and includes payment for the leasehold interest as well as a concession, the contract rent used to calculate the leasehold contract rent would include the first eight percent of sales.

The working families tax credit proposal would define eligibility requirements and program implementation for the tax credit created by the Legislature in 2021 and scheduled to be implemented in 2023. Eligible low-income Washington residents would be able to apply to DOR for a refund of state sales tax paid up to $1,200, based on income eligibility and qualifying dependents.

Dates to remember

The public hearing on the leasehold excise tax rule is scheduled for Wednesday, June 15 at 11 am. The working families tax credit hearing is scheduled for Tuesday, June 21 at 2 pm.