AP NEWS

Correction: College Grant Funding story

February 11, 2020 GMT
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Washington Gov. Jay Inslee speaks with a supporter of a college grant program, Monday, Feb. 10, in Olympia, Wash. Inslee signed a measure that changes the structure of a new business and occupation tax surcharge levied on some professional services and technology companies in order to create a more stable revenue stream for the state's college grant program. (AP Photo/Rachel La Corte)
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Washington Gov. Jay Inslee speaks with a supporter of a college grant program, Monday, Feb. 10, in Olympia, Wash. Inslee signed a measure that changes the structure of a new business and occupation tax surcharge levied on some professional services and technology companies in order to create a more stable revenue stream for the state's college grant program. (AP Photo/Rachel La Corte)

OLYMPIA, Wash. (AP) — In a story February 10, 2020, about college grant funding, The Associated Press erroneously reported the rate of taxation certain businesses pay was increasing to 1.75 percent from 1.5%. Businesses that have yearly gross income of more than $1 million now pay a 1.75% surcharge instead of a 1.8% one on some professional services and technology companies.