2nd Narrows bridge

From the 2024 DOR Tax Exemption Study

82.04.416 - 2nd Narrows bridge Description Income from the operation of state route #16 corridor transportation systems and facilities constructed and operated is exempt from B&O tax. This statute addresses the second bridge across the Tacoma Narrows. The state contracts with a private business to operate the toll booths. The income the state pays the operator of the bridge tolling systems is exempt from B&O tax under this statute. The toll receipts are income of the state and not subject to state B&O tax. Purpose Lower the overall cost of operation of the bridge and encourage a private business to enter into a contract with the state to operate the facility. 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 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ 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 exemption impacts fewer than three taxpayers; any impacts are confidential. Data Sources Department of Transportation, 2022 Toll Division Annual Repor