BILL REQ. #:  H-5606.1 

READ FIRST TIME 02/12/08.   

     AN ACT Relating to a business and occupation tax credit for qualified preproduction development expenditures for polysilicon manufacturers; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION.  Sec. 1   The legislature finds that the welfare of the people of the state of Washington is positively impacted through the encouragement and expansion of family wage employment in the state's manufacturing industries. The legislature further finds that targeting tax incentives on high technology industries is an important business climate strategy. The legislature further finds that the solar panel industry has experienced a growth rate of almost forty percent per year over the past five years. The legislature further finds that a material, known as polysilicon, is a primary material used in solar panels. It is the intent of the legislature to encourage family wage employment in the state's manufacturing industries by providing tax incentives related to the manufacture of polysilicon for use in solar panels.