Tuition fees - foreign degree-granting institutions

From the 2024 DOR Tax Exemption Study

82.04.4332 - Tuition fees - foreign degree-granting institutions Description Approved branch campuses of foreign degree-granting institutions may deduct income from B&O taxes if exempt from federal income taxes. Purpose Encourage foreign institutions to locate branches in Washington. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this deduction would not increase revenues because currently no exemption taxpayers use it. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions - No taxpayers currently use this deduction. We expect no usage during the forecasted period of this study. Data Sources - Department of Revenue, Excise tax data - Student Achievement Council, Authorized colleges and institutions in Washington data Additional Additional Information Information Category: Nonprofit Year Enacted: 1993 Primary Beneficiaries: Foreign degree-granting institutions Taxpayer Count: 0 Program Inconsistency: None evident JLARC Review: Expedited rev