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House Finance hears bill to tighten metrics for aerospace tax preferences
Summary
A House Finance public hearing on HB 2730 proposed requiring JLARC to use rolling five-year averages and sector-specific analysis when reviewing aerospace B&O tax preferences, aiming to measure whether Washington is retaining or growing aerospace employment compared with other states.
Representatives on the House Finance Committee heard testimony Friday on House Bill 2,730, which would change how the Joint Legislative Audit and Review Committee (JLARC) evaluates aerospace-related business and occupation tax preferences.
John Brzezinski, staff to the committee, told lawmakers that HB 2,730 would amend performance statements for nine existing aerospace tax preferences and require JLARC, beginning with its 2029 review, to assess Washington’s share of aerospace industry employment relative to other states using a rolling five-year average and, to the extent possible, to consider whether shifts in non-commercial aerospace sectors affected those employment figures. "House Bill…
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