Northwest Aerospace News April | May Issue No.14 | Page 58

TOO MUCH AT STAKE
TO LET THIS DEAL SLIP
Aerospace leaders sacrifice local tax preference to avoid catastrophic
retaliatory tariffs on state exports by the European Union
By Emily Wittman, President & CEO — Aerospace Futures Alliance
Emily Wittman
President & CEO
Aerospace Futures Alliance
https://www.afa-wa.com
AFA SPOTLIGHT
58
A
FA provides aerospace companies and communities in Washington State with a single
voice on policy issues impacting the industry. Advocacy at the local, state, and federal level
has resulted in job creation initiatives, education and training programs, and a supportive
business climate.
Unique to our business climate are nine tax preferences available for aerospace companies.
Washington offers a property and leasehold excise tax credit, product development reduced
business and occupation rate, pre-production tax credits, FAR Part 145 reduced business
and occupation tax, and a computer, software, and peripherals sales tax exemption.
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