Manufacturer's job creation (Invest in Washington) pilot program

From the 2024 DOR Tax Exemption Study

82.85.050; 82.85.060 - Manufacturer's job creation (Invest in Washington) pilot program Description The Invest in Washington pilot program creates a sales and use taxes deferral for two investment projects per calendar year. The deferral applies to sales and use taxes on up to $10 million in charges for the construction, expansion, or renovation of facilities and purchases of eligible machinery and equipment. One project must be in eastern Washington and one project must be in western Washington. Projects approved for a rural deferral cannot receive this deferral; and projects cannot receive multiple pilot program deferrals. This program expires January 1, 2026. Purpose To evaluate the effectiveness of investing sales and use taxes from new investments into workforce training programs that support manufacturing businesses and create jobs and capital investments in Washington. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.811 $0.844 $0.433 $0.000 Local Taxes $0.365 $0.380 $0.194 $0.000 Repeal of Repealing this deferral would increase revenues by any taxes not yet deferred at exemption the time of the repeal. This estimate assumes deferred taxes are