SB6243 – Exempting clean technology manufacturing from the business and occupation tax for ten years.
Prime Sponsor – Senator Mullet (D; 5th District; Issaquah)
Current status –
Scheduled for a hearing in the Senate Committee on Business, Financial Services, Gaming & Trade at 10:30 AM on Thursday, January 25th.
Next step would be – Action by the committee.
Legislative tracking page for the bill.
Summary –
THe bill would exempt manufacturing of clean technology in the state from the business and occupation tax. It would apply to manufacturing tangible property exclusively or primarily used in vehicles, vessels, and other modes of transportation that emit no exhaust gas other than water vapor; charging or fueling infrastructure for those; generation of renewable or green electrolytic hydrogen; production of energy from alternative resources; retrofitting megawatt-class diesel vehicles, vessels, and other modes of transportation to hybrid diesel-electric; production of clean fuels; and storage facilities for electricity, renewable hydrogen, green electrolytic hydrogen, or a green hydrogen carrier for subsequent delivery or consumption.
The Joint Legislative Audit and Review Committee would measure the exemption’s effectiveness after eight years, evaluating the average construction wages for eligible projects; the number of jobs created in the clean technology sector; the use of apprenticeship programs and women, minority, or veteran-owned businesses by eligible projects; the degree to which the exemption encouraged manufacturing and component production for technologies reducing greenhouse gas emissions; whether facilities benefiting from it would have been developed without it; and any other relevant metric.