Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Sales and use tax remains Washington’s largest revenue source; new working‑family credit expanded
Summary
Staff said sales and use taxes are the state’s largest source of near‑general‑fund revenue, estimated to supply about 48% of the 2023–25 biennium; staff also summarized the Working Families Tax Credit, reporting reach and payouts for the program’s early years.
Tianyi Lan and other committee staff summarized the retail sales and use tax and the Working Families Tax Credit during the hearing.
Tianyi Lan told senators that the sales and use tax is Washington’s single largest revenue source. "In the 2025–27 biennium, the tax is estimated to generate about $34,500,000,000 representing 48% of NGFO revenues," Lan said. Staff noted the statewide base retail sales tax rate has…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
