Employers (and property managers) who provide CTR incentives are eligible for a
Washington State tax credit up to $100,000 per fiscal year (50% of the employee’s
benefit cost per fiscal year). No more than $60 per employee may be claimed in the
fiscal year.
Applications for the tax credit are filed electronically via the Department of Revenue (DOR) website.
Please Note:
- The DOR must receive the application between January 1 and January 31, following the calendar year in which the applicant made CTR incentive payments
- The DOR will disapprove any applications received after January 31, regardless of the reason why the application was not received by the due date.
- The DOR will approve timely applications within 60 days of the deadline (by April 1). Public disclosure law applies to CTR tax credits.
The YVCOG encourages employers to contact a tax professional for expert advice
Contact YVCOG to explore what CTR can do for you and your business!
