Washington state, which gave Boeing $1 billion over the past four years, has a well-established system to evaluate tax deals. Many governments don’t.
SPEED READ:
- Boeing has received roughly $1 billion in tax incentives and credits from Washington state over the past four years.
- Washington is one of 30 states that regularly evaluates corporate tax incentives.
- Only a few cities regularly track and assess these business deals to see if the promised results were achieved.
The aircraft manufacturer Boeing has received roughly $1 billion in tax incentives and credits from Washington state over the past four years. That includes tens of millions of dollars for activities in 2017 related to production equipment for the 737 MAX jets, all of which have been grounded in the past week after two fatal crashes.
That information is known because Washington state has one of the more well-established tax incentive evaluation programs in the country. As corporate tax breaks — like the ones used to lure Amazon’s HQ2 — have come under increasing scrutiny, more states are tracking them and attempting to ensure that the businesses that receive them are holding up their end of the deals.
GOVERNING.CCOM
BY LIZ FARMER | MARCH 20, 2019 AT 4:00 AM