During the 2022 legislative session, legislators passed a bill that provides tax relief to employers in Washington.
Senate Bill 5873 (SB 5873), sponsored by Sen. Karen Keiser (D-Des Moines), reduces social tax rates for employers in 2022 and 2023. It also reduces the 2023 social tax rates for employers who report 10 or fewer employees for fourth quarter 2021.
As a result of this change, the Employment Security Department will recalculate employer tax rates for 2022.
”The bill provides substantial and immediate tax relief to Washington employers, including many small businesses who have been through so much due to COVID-19,” said Employment Security Department Commissioner Cami Feek.