Wash. moves to extend Boeing tax breaks

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by MIKE BAKER Associated Press

kgw.com

Posted on November 9, 2013 at 1:08 PM

Updated Saturday, Nov 9 at 1:09 PM

OLYMPIA, Wash. (AP) -- Washington lawmakers are moving swiftly to extend aerospace tax breaks in a bid to satisfy Boeing Co.

State senators voted by a 42-2 margin Saturday to extend the tax incentives all the way to 2040. The benefits have a projected value of $9 billion.

Even though the tax breaks weren't set to expire for several more years, Gov. Jay Inslee called the Legislature back to Olympia this week for a special session dedicated to the Boeing bills. Along with the tax package, senators voted to spend more than $15 million on worker-training programs and an effort to aid permitting for large aerospace manufacturing sites.

Inslee says the bills are necessary in order to win the manufacturing work that will come with Boeing's new 777X production.

The measures are expected to receive final approval in the state House later Saturday.
 

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