Bill > SB5675

This bill provides a business and occupation (B&O) tax exemption for manufacturing facilities and green manufacturing facilities in Washington state. Specifically, the bill creates a new tax exemption that applies to two types of facilities: standard manufacturing facilities (defined as those used to manufacture goods according to existing state law) and green manufacturing facilities, which are manufacturing facilities certified by a state or national organization as having a sustainable manufacturing process. The tax exemption would be in effect until January 1, 2036, after which it would expire. The bill also includes a provision that waives the typical legislative requirement for a tax expenditure performance statement, indicating a streamlined approach to implementing this tax relief. By offering this exemption, the legislature appears to be incentivizing manufacturing activity and sustainable manufacturing practices in the state, potentially to attract business investment and support industrial development.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=5675&Year=2025&Initiative=false