SB 5808-S2 - DIGEST |
(DIGEST OF PROPOSED 2ND SUBSTITUTE) |
Establishes the Washington innovation industries enabling act to: (1) Accelerate the growth of industry clusters; |
(2) Strengthen industry collaboration in innovation; |
(3) Create jobs; |
(4) Enhance public revenues; and |
(5) Further the continued commercialization and manufacture of innovative products in the state and the promotion of the state's products and services nationally and globally. |
Establishes the innovation industry program in the department of commerce. |
Provides a business and occupation tax credit for contributions to certain industry development organizations. |