issue area reports | budget and taxation
These bills would have exempted the following : a business that only sells , manufactures , or distributes motor vehicle fuel ; a business that only sells , manufactures , or distributes liquor ; federal and state government agencies and subdivisions and any local government entity ; a comprehensive cancer center ; a small business with less than 50 employees and has gross receipts of less than $ 3 million for the immediately preceding tax year ; and any business that is subject to taxes under chapter 48.14 RCW .
This bill sought to raise additional taxes on businesses that positively impact our economy and provide good-paying jobs . AWB strongly opposed this bill because the county should not be hindering their competitive advantages at a time when so many businesses are fleeing other states to seek more business-friendly climates . Driving businesses away from our state will not help to provide solutions that we seek to our state ’ s homelessness crisis . This bill would have had a cascading effect of unintended consequences . It would not have taken long before these taxes extend across the state , with the dollar threshold dropping capturing more employers . We were satisfied to see this bill die in committee .
SB 6068 private airplanes / sales tax
Passed / AWB Supported
AWB supported this bill sponsored by Sen . Judy Warnick , which extended the sunset on the sales and use tax exemption for private planes through 2031 . Aerospace plays a positive role in the state ’ s economy and we believe that this policy will continue to attract new businesses and bring new , high paying jobs to the state of Washington . In the recent JLARC review , the auditor concluded that that preferences likely resulted in new jobs and increased tax revenues in the state and AWB agreed with the JLARC auditor that this tax policy is a dynamic means to diversifying the states ’ aerospace sector . SB 6068 passed the Senate 47-1 and then passed in the House 91-6 and will make Washington state more competitive by driving economic activity that generates revenue for the state .
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