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Bill to lift cap on advanced-computing surcharge draws split response from industry and education advocates
Summary
Representative Julia Reed told the House Finance Committee removing the $9 million-per-taxpayer cap on the advanced-computing surcharge would raise revenue for the Workforce Education and Investment Account to expand college access and workforce training.
A bill to remove the per-taxpayer cap on Washington’s advanced-computing surcharge drew sharply divided testimony at the House Finance Committee on Feb. 25.
Representative Julia Reed, the bill sponsor, told the committee the surcharge funds the Workforce Education and Investment Account (WEIA), which supports the Washington College Grant and other higher-education programs. Reed said the state faces a shortage of workers with postsecondary credentials and that lifting the current per-taxpayer cap — a $9 million annual limit now applied to companies defined as “advanced computing” taxpayers — would generate additional revenue to expand access to higher education and training used by industry…
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