issue area reports | taxation
HB 2542 film industry tax credits
Failed / AWB Supported
House Bill 2542 , sponsored by Rep . Marcus Riccelli , D-Spokane , sought to extend the film industry tax credit , currently set to expire on July 1 , 2017 , to Dec . 31 , 2023 while phasing in an increase to the current cap of $ 3.5 million to $ 10 million by 2020 and thereafter . The film industry provided detailed information on how the Washington Motion Picture Competitiveness Program has helped revitalize Washington ’ s competitive position as a location for motion picture projects , as well as demonstrating the tangible economic impacts accrued as a result of the tax credit . With the incentive set to expire , 2017 will be a decisive year for the tax credit and the many opportunities the motion picture industry brings to the state .
SHB 2226 tax incentives for spacecraft manufacturing
Failed / AWB Supported
Substitute House Bill 2226 provides tax preferences to promote development of the outer space sector in Washington ’ s economy for the purpose of encouraging the migration of high-wage jobs in the state . This bill leverages Washington ’ s vibrant aerospace manufacturing industry and attempts to build upon it in order to create new economic opportunities for the people and businesses of Washington . This bill was put forward by Rep . Jeff Morris , D-Mount Vernon . It moved out of the House Committee on Technology & Economic Development , but stalled in the House Finance Committee .
HB 2830 dynamic fiscal notes
Failed / AWB Supported
AWB supported a bill sponsored by Rep . Bruce Chandler , R-Granger , which would have improved the state ’ s fiscal note process . Washington uses fiscal notes to estimate the expenditure and revenue impacts of proposed legislation . The current process looks at the impacts over a six-year timeframe — the current biennium and the following two biennia . While the current process is helpful and informative , it can be inaccurate and even misleading at times . For instance , a bill establishing a different tax rate for the specific purpose of wooing a company not currently doing business in Washington would show up as a revenue loss to the state under the current fiscal note process . A dynamic fiscal notes process could account for the fact the company isn ’ t currently conducting business in Washington , and that any activity generated via a lower tax rate would actually increase state revenue . Moving toward dynamic fiscal notes in certain circumstances can greatly improve the accuracy of fiscal analysis and give lawmakers important information to help in the decision making process . The bill received a hearing in the House Appropriations Committee , but failed to gain traction this year .
SB 6665 broadcaster tax
Failed / AWB Neutral
Darcy Kooiker of Ryan LLC and Eric Lohnes , AWB , testify in support of HB 2879 .
Senate Bill 6665 made a late appearance in the 2016 legislative session . Originally introduced as a title-only bill — which is essentially a bill without content — it was revealed at a Senate Ways and Means Committee hearing on March 11 to deal with tax nexus issues related to national television networks . The question has been raised as to whether national television networks have nexus with Washington , and therefore , owe business and occupation ( B & O ) tax on their advertising and royalty income . Also
Bill considered as part of AWB ’ s voting record
Favorable outcome for Washington businesses
Missed Opportunities
special edition 2011 35