Bill > SB5674

This bill aims to incentivize manufacturing growth in Washington state by providing property tax exemptions for new or expanded manufacturing facilities. The bill offers a six-year property tax exemption for new manufacturing facilities and their associated land, with an extended eight-year exemption for "green manufacturing facilities" (those certified by a sustainability rating organization) or facilities that export goods through Washington seaports. To qualify, the facilities must be primarily used for manufacturing as defined in state law. Property owners must file claims with the county assessor to receive the exemption, which cannot be renewed after the initial six or eight-year period. The tax exemption will be available for taxes levied between 2026 and 2035, aligning with the state's broader goal of doubling manufacturing jobs and manufacturing firms owned by women and people of color over the next decade. The legislation is part of the Washington BEST (Business Expansion, Sustainability, and Transformation) manufacturing act, which seeks to stimulate construction of new manufacturing facilities and rehabilitation of vacant or underutilized buildings for manufacturing purposes.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=5674&Year=2025&Initiative=false