“The increase is necessary to ensure that the entrepreneur registration program remains in line with the fee increases required by law and to help improve the balance of funds for the program.”
This is the rationale for Labor and Industries in WA State (L&I) for proposing a 5.79% increase in the cost for entrepreneurs to license their business in 2022.
A HEARING WILL TAKE PLACE ON JANUARY 26 ON THIS PROPOSAL
The current fee, valid for two years, is $ 117.90. If the proposal passes, the cost will increase by approximately $ 6.80. It’s not huge, but given the current economic climate, and what has happened since the onset of COVID, it will be even less welcomed by manufacturers, even on principle.
The hearing will take place on January 26 at 9:00 a.m. in Olympia. L&I is required to invoice the fees every two years for contractors, and to revise them also every two years “in recognition of the economic changes reflected by the budget growth factor “ via the revised Washington Code.
Given that a number of sources claim that the state is actually experiencing much better revenue and income projections, and even after using some of the rainy day emergency fund, there will still be plenty left. , one wonders why this cost could not be compensated.
The hearing will once again take place at 9 a.m. on January 26. A link to watch and attend the meeting digitally can be found below. Click on the button. If adopted, they would come into force on April 22, 2022.