Budget & Taxes (Tax Incentives)

HB 1569 requires Washington state to include tax exemptions and preferences in the regular biennial budget process, ending their automatic continuation without legislative review. The bill mandates that all tax exemptions without expiration dates must be reviewed, assigned performance measures, and reauthorized every two years or expire, with a maximum 10-year term for new exemptions. It also requires the Department of Revenue to estimate the annual revenue impact of each exemption and include these details in the budget. This affects all taxpayers by ensuring tax preferences are transparently evaluated for their revenue impact, rather than reducing state funds for services like education without oversight.