Mill Creek Beacon - Your Hometown News Source

By Cameron Sheppard
WNPA News Service 

Governor signs into law tax bill to help fund higher education

Law shifts a portion of the tax burden to large tech companies

 
Series: WNPA | Story 15

Last updated 2/11/2020 at 11:03pm

Cameron Sheppard, WNPA News Service

With photo: InsleeSignsFirstBill - Gov. Jay Inslee, seated, signs the first bill of the 2020 legislative session into law. On the right stands the bill's primary sponsor, Sen. Jamie Pedersen, D-Seattle, who is wearing a red tie.

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...



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