Aircraft facilities, port property

From the 2024 DOR Tax Exemption Study

82.08.980; 82.12.980 - Commercial airplane facilities on port district property Description An exemption from sales and use taxes is available to manufacturers who construct new buildings and/or new parts of buildings that will be used primarily to: - Manufacture commercial airplanes, airplane fuselages, and airplane wings. - Store raw materials and finished products. The exemption applies to charges for: - Labor and services rendered in respect to the constructing of new buildings. - Materials incorporated as an ingredient or component during construction. - Labor and services rendered for installing building fixtures not otherwise eligible for the machinery and equipment exemption. Port districts, political subdivisions, or municipal corporations may also use this exemption when constructing new facilities to lease to qualifying manufacturers. This exemption expires July 1, 2040. Purpose To encourage the building of commercial aircraft assembly facilities in Washington. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes CTI CTI CTI CTI Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in milli