Semiconductor materials manufacturing after $1 billion investment - construction costs

From the 2024 DOR Tax Exemption Study

82.08.965; 82.12.965 - Semiconductor materials manufacturing after $1 billion investment - construction costs Description Sales and use taxes exemption is available to manufacturers of semiconductor materials who construct new buildings, including parts of new buildings used for qualified manufacturing activities, labor and services in conjunction with construction of facilities for manufacturing semiconductor materials. To qualify for the sales and use tax exemption the firm must keep at least 75% of the employees they initially showed would constitute full employment for the plant for at least eight years. Failure to meet the 75% employment requirement for any year will result in the loss of one-eighth of the sales and use tax exemption. This exemption is effective for 12 years following the effective date of the bill, and it is contingent upon commencement of commercial operations by a new semiconductor material fabrication facility with an investment in new buildings and equipment amounting to at least $1 billion. Purpose To retain and attract semiconductor businesses in Washington. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.000 $0.000 $0.0