Gravitational wave observatory

From the 2024 DOR Tax Exemption Study

82.08.02569; 82.12.02569 - Gravitational wave observatory Description Tangible personal property incorporated into a structure which is an integral part of a laser interferometer gravitational wave observatory is exempt from sales and use taxes. Purpose To encourage construction of a facility 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 $0.000 Repeal of Repealing this exemption would not increase revenues because currently no exemption taxpayers use it. Potential ($ 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 taxpayers currently use this exemption. We expect no usage during the forecasted period of this study. Data Sources Department of Revenue, Excise tax data Additional Additional Information Information Category: Government Year Enacted: 1996 Primary Beneficiaries: The California Institute of Technology and the federal government Taxpayer Count: 0 Program Inconsistency: None evident JLARC Review: Expedited review completed in 2014 and 2023 2024 T