It’s Friday, Day 2 of the Third Special Session of 2013. After spending time caucusing this morning and several other meetings, I’m in the Appropriations Committee listening to testimony on House Bill 2088 and 2089.
House Bill 2088 makes supplemental appropriations to the 2013-15 operating budget for aerospace worker education and training, and environmental permitting activities related to large aerospace facilities and makes supplemental appropriations to the 2013-15 capital budget related to facilities for aerospace worker education and training.
House Bill 2089 extends the expiration date of aerospace tax incentives to July 1, 2040, upon the siting of a significant commercial airplane manufacturing program in Washington; expands the availability of a sales and use tax exemption for the construction of facilities used to manufacture commercial airplanes; terminates the preferential business and occupation (B&O) tax rate applicable to new versions or models of commercial airplanes if final assembly, fuselage or wing assembly, or fuselage or wing fabrication, of the new model or version is sited outside the state of Washington; and requires the Joint Legislative Audit and Review Committee to specifically review employment changes in the aerospace industry every five years as part of its tax preference review process.
We also expect to take Executive Action on both of these bills in order to consider them for passage tomorrow (Saturday) on the Floor.
No comments:
Post a Comment