Employee ownership program B&O tax credit repealed

Issue Date

June 30, 2025

Intended audience: Businesses converting to an employee ownership structure or claiming the credit.

House Bill 2047 repeals the employee ownership program effective July 1, 2026. This credit was originally set to expire on July 1, 2030.

Credits cannot be earned after June 30, 2025, and cannot be claimed for filing periods starting on or after July 1, 2026.

Questions?

For questions about the credit, please call our Taxpayer Account Administration division at 360-705-6214.