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JLARC: Aluminum tax preferences unused after smelter closures; recommends allowing expirations and terminations
2112203 · January 14, 2025
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Summary
JLARC reported that Washington’s tax preferences for aluminum smelters have not been used since 2021 because all in-state smelters closed, and recommended letting expiring preferences lapse and terminating others that are unlikely to be used.
Pete Van Moorsil, JLARC staff, told the House Finance Committee on Jan. 14 that eight tax preferences benefiting the aluminum industry show no use since 2021. Four preferences set to expire July 1, 2027, benefit aluminum smelters; the other four (for companies…
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