Creates the Washington works corps program within the employment security department to provide unemployed individuals with the opportunity to perform needed services in communities throughout the state.

Authorizes the state finance committee to issue general obligation bonds to finance the Washington works corps program and all costs incidental thereto.

Prohibits certain farmers from exempting more than two hundred thousand dollars of business and occupation taxes in any calendar year.

Requires the department of revenue to annually estimate the increase in state revenue for the prior calendar year resulting from the narrowing of the exemption mentioned above and certify the estimated amount to the state treasurer.

Creates the debt-limit Washington works corps bond retirement account.