Pollution control facilities

From the 2024 DOR Tax Exemption Study

82.04.427; 82.34.050(2); 82.34.060(2) - Pollution control facilities Description Provides a credit against B&O tax for up to 50% of the cost of required pollution control facilities. The total annual credit is limited to 2% of the cost of such facilities. Purpose To encourage pollution control and to compensate Washington businesses for the costs of upgrading pollution control facilities. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this credit may increase revenues. However, businesses may argue they exemption have a vested right to take credits authorized under prior law. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions This credit impacts fewer than three taxpayers; any impacts are confidential. Data Sources Department of Revenue, Excise tax data Additional Additional Information Information Category: Business Year Enacted: 1967 Primary Beneficiaries: Businesses required to install pollution control facilities, primarily in the lumber and wood produc