WA People
BILL · 2011–12 SESSION

SB 5734: Econ development tax credits

Concerning tax credits for economic development for eligible business projects in rural counties.

Summary

  • The rural county tax credit is made available to firms investing at least $1 million in new equipment or spending at least $50,000 on employee skill training. The credit is 1 percent of the value of the investment in new equipment and 100 percent of the expenditure on employee skill training, but no more than $3,000 per worker trained.

From the Senate Bill Report (Orig.) (SB 5734), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 9, 2011
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Jim Kastama (D-25)
Introduced
February 9, 2011 in the Senate
Last action
April 11, 2012
Budget
Has a fiscal note

AN ACT Relating to tax credits for economic development for eligible business projects in rural counties;

Sponsors

Prime sponsor: Jim Kastama (D-25)

2 co-sponsors (2 Democrats, 0 Republicans)

Maralyn Chase D-32Paull Shin D-21

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. First reading, referred to Economic Development, Trade & Innovation.

SB 5734 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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