Washington SB5674 proposes property tax exemptions for new and expanded manufacturing facilities.

Washington SB5674 aims to boost manufacturing in the state by exempting new and expanded manufacturing facilities from property taxes. This includes facilities that are green certified or export goods through Washington seaports. The exemption lasts for six to eight years, depending on the facility's operational status. The bill also seeks to increase manufacturing jobs and ownership by women and people of color, aligning with the Washington BEST manufacturing act.

Washington SB5674 proposes property tax exemptions for new and expanded manufacturing facilities.

Washington SB5674 aims to boost manufacturing in the state by exempting new and expanded manufacturing facilities from property taxes. This includes facilities that are green certified or export goods through Washington seaports. The exemption lasts for six to eight years, depending on the facility's operational status. The bill also seeks to increase manufacturing jobs and ownership by women and people of color, aligning with the Washington BEST manufacturing act.