Governor signs into law tax bill to help fund higher education
Law shifts a portion of the tax burden to large tech companies
Last updated 2/11/2020 at 11:03pm
Fewer businesses will be asked to foot the bill for higher education programs after Gov. Jay Inslee signed Engrossed Substitute Senate Bill 6492 on Monday, Feb 10.
The bill will restructure the business and occupation tax and surcharges put in place by legislation passed last year to fund investments in public colleges as well as to provide grants that increase access for low and medium-income students.
"We are going to make massive investments in public higher ed," said Sen. Jamie Pedersen, D-Seattle. "Both for the institutions and more importantly, for the students who need access to thes...