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Committee Hears Large Proposal to Uncap Advanced Computing Surcharge to Fund College Grants and Lower Tuition
Summary
House Bill 2098 would remove the $75 million cap on the advanced computing surcharge, generating estimated revenue proponents say could fully fund expanded Washington College Grants and temporarily reduce resident tuition; testimony revealed deep divisions among universities, business groups, students and advocates about fiscal impacts and accountability.
The committee heard House Bill 2098, a major higher‑education funding proposal that would eliminate the $75,000,000 cap on the advanced computing surcharge and redirect additional revenue to expand the Washington College Grant and reduce resident undergraduate tuition.
Saranda Ross explained the bill’s structure: it would remove the cap on the surcharge applied to advanced computing businesses with more than $25 billion in worldwide revenues, increase the income cap for maximum Washington College Grant awards to 100% of state median family income, and reduce resident undergraduate tuition by 10% for three academic…
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