House Committee OKs Boeing Tax Breaks
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OLYMPIA, Wash. (AP) — A House committee has approved a measure that would extend tax breaks for Boeing Co. if key manufacturing work of the new 777X remains in Washington state.
The House Finance Committee passed the measure on a 10-3 vote Friday morning, and the bill now heads to the House Appropriations Committee for consideration late Friday afternoon.
The extended tax breaks are valued at about $9 billion, according to state estimates.
Gov. Jay Inslee called lawmakers back to Olympia this week for a special session dedicated to the Boeing proposals. Inslee also has called for a $10 billion transportation revenue package to pass as part of the overall plan, but Senate leadership has indicated that it wants to take that up at a later time.
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