ANNOUNCEMENT 11 Nov 2013

In November 2013, a US state government announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 11 Nov 2013 | Removal date: open ended
Still in force

Tax or social insurance relief

On November 11, 2013 the governor of Washington signed into law a bill (SB 5952) incentivizing a long-term commitment to maintain and grow jobs in the aerospace industry in Washington state by extending the expiration date of aerospace tax preferences and expanding the sales and use tax exemption for the construction of new facilities used to manufacture superefficient airplanes to include the construction of new facilities used to manufacture commercial airplanes or the wings or fuselage of commercial airplanes. The bill is expected to save manufacturers such as Boeing $168 million per year in taxes.

 

AFFECTED SECTORS