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Committee hears testimony supporting expansion of Commute Trip Reduction tax credit
Summary
House Bill 10‑43 would revise limits and eligibility for the Commute Trip Reduction (CTR) tax credit; staff presented fiscal estimates and supporters including regional planners and employer groups urged passage to keep commuter programs affordable.
Staff briefed the committee on House Bill 10‑43, which modifies the Commute Trip Reduction (CTR) tax credit that allows employers to claim a credit against business and occupation (B&O) or public utility tax liability for incentives encouraging non‑single‑occupancy commute options.
Committee staff explained key changes: raising the per‑employee credit cap from $60 to $100, lowering the per‑employer cap from $100,000 to $50,000, and increasing…
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