Establishing business and occupation and public utility tax credits for small business employers providing maritime trade educational assistance.

Summary

Starting in 2027, small employers can claim a credit equal to 100% of qualified maritime education costs, up to $20,000 per year, against their business‑occupation or public‑utility taxes. The credit applies only to employees working aboard or servicing U.S.‑flagged vessels and can be carried forward for five years. The measure aims to encourage workforce development in Washington’s maritime sector.

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