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Washington adopts workforce education investment surcharge regulation

November 30, 2022

Via: LexBlog

On November 4, 2022, the Washington Department of Revenue adopted WAC 458-20-290, a regulation explaining the state’s workforce education investment surcharge on select advanced computing businesses. The regulation defines a select advanced computing business as “a person who is a member of an affiliated group with at least one member of the affiliated group engaging in the business of advanced computing, and the affiliated group had worldwide gross revenue of more than $25,000,000,000 during the immediately preceding calendar year.” Such businesses must report and pay the 1.22 percent surcharge on a quarterly basis, with the report due on the last day of the month following the end of the quarter.

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