SB 5112 - DIGEST |
(SUBSTITUTED FOR - SEE 1ST SUB) |
Establishes the invest in Washington act. |
Creates a pilot program to evaluate the effectiveness of a program that invests business taxes from new investments into workforce training programs that support manufacturing businesses in the state. |
Requires the department of revenue to: (1) Issue a sales and use tax deferral certificate for state and local sales and use taxes due on each eligible investment project; and |
(2) Keep a running total of the deferrals granted during each fiscal biennium. |
Creates the invest in Washington account. |