What was in the agreement that Governor Locke signed with The Boeing Company?
Aerospace Tax Package HB 2294, a tax adjustment package for the entire aerospace industry that would occur only if Boeing chose Washington as the location for the 787 assembly. The package includes – • a reduction in the Business & Occupation (B&O) tax rate for the manufacturing or selling of commercial airplanes or their component parts; • a sales and use tax exemption for computer hardware and software; • a B&O tax credit for certain preproduction development expenditures; • a B&O tax credit for property taxes on new buildings, renovations, and machinery and equipment; • a sales and use tax exemption for construction of new buildings used in the manufacturing of super-efficient airplanes; • a property tax exemption on qualifying property of a port district lessee that is used in manufacturing super-efficient airplanes; and • a leasehold excise tax exemption for leasehold interests in port district facilities used in manufacturing super-efficient airplanes. Workforce Development Progr
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