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February 21, 2020 - by Dominic Gates and Joseph O'Sullivan for seattletimes.com

Two Washington state legislators on Wednesday introduced bills in the Senate and House that would remove the main aerospace tax break passed 16 years ago to benefit Boeing.

The dramatic shift in direction will help resolve — to Boeing's advantage — an international trade dispute at the World Trade Organization (WTO). It also averts the potential for the European Union (EU) to impose retaliatory trade tariffs that could affect not only sales of airplanes but also the state's agricultural products.

While the idea of eliminating the tax breaks will find ready acceptance in Olympia, the bill as presented on behalf of Boeing contains a couple of potential controversial issues related to possible later reinstatement of the tax break or an equivalent measure.

The company (Boeing) has saved hundreds of millions of dollars per year due to the tax breaks....

Read more https://www.seattletimes.com/business/boeing-aerospace/boeing-will-give-up-its-washington-state-tax-breaks-to-avoid-european-tariffs/