Committee hears support for extending B&O tax credit for customized training program

The House Finance Committee received a staff briefing and public testimony on Senate Bill 5682, which would extend a business-and-occupation tax credit tied to the Washington Customized Employment Workforce Training Program through July 1, 2031.

The program, administered by the State Board for Community and Technical Colleges, pays upfront costs for employer-specific training delivered by community and technical colleges. "The Washington Customized Employment Workforce Training Program provides interest free training allowances or loans to businesses that have entered into customized training agreements with the community and technical colleges in the state," said Christina King, staff to the committee.

Supporters said the program helps small employers and local colleges adapt to technological change. "It's a small tool, but an important tool to help businesses keep and grow good…