H-3420.1
HOUSE BILL 2730
State of Washington
69th Legislature
2026 Regular Session
By Representatives Street, Macri, Nance, Scott, Parshley, Ryu, and Pollet
Read first time 02/05/26. Referred to Committee on Finance.
AN ACT Relating to clarifying the metric for judging the effectiveness of aerospace tax preferences; and amending 2013 3rd sp.s. c 2 s 1 (uncodified).
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. 2013 3rd sp.s. c 2 s 1 (uncodified) is amended to read as follows:
(1) The legislature finds that the people of Washington have benefited enormously from the presence of the aerospace industry in Washington state. The legislature further finds that the industry continues to provide good wages and benefits for the thousands of engineers, mechanics, and support staff working directly in the industry throughout the state. The legislature further finds that suppliers and vendors that support the aerospace industry in turn provide a range of well-paying jobs. In 2003, and again in 2006, and 2007, the legislature determined it was in the public interest to encourage the continued presence of the aerospace industry through the provision of tax incentives. To this end, and in recognition of the continuing extreme importance of the aerospace industry in Washington, it is the legislature's intent to reaffirm and build upon prior aerospace tax incentive legislation in a fiscally prudent manner.