Super-efficient airplane production facilities

From the 2024 DOR Tax Exemption Study

82.29A.137 - Super-efficient airplane production facilities Description Leasehold interests held by a manufacturer of a super-efficient airplane in property of a port district are exempt from leasehold excise tax. This exemption expires July 1, 2040. Purpose Encourages the production of super-efficient airplanes in Washington. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would not increase revenue because currently no exemption taxpayers use it. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions No known manufacturers of super-efficient airplanes are located on port property, and none are expected during the forecasted period of this study. Data Sources Department of Revenue, Annul tax performance report data Additional Additional Information Information Category: Business Year Enacted: 2003 Primary Beneficiaries: Manufacturers of super-efficient planes on port property Taxpayer Count: 0 Program Inconsistency: None evid