Senate Bill 5350 - Aerospace Tax Preferences and Unmanned Aircraft Systems, Washington (2021 Regular Session)

Summary

Senate Bill 5350, State of Washington, 67th Legislature, 2021 Regular Session, by Senator Honeyford, is an act relating to extending certain aerospace tax preferences to include unmanned aircraft systems, amending RCW 82.32.550. Section 1 states the legislature's intent to extend certain aerospace industry tax preferences to commercial unmanned aircraft systems manufacturing. It provides that if the joint legislative audit and review committee finds that jobs in that industry have increased by an average of 50 jobs during the term of the tax preferences, the legislature intends for the legislative auditor to recommend extending the expiration date. Section 3 states that the act takes effect October 1, 2021.

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Full text

     S-0605.1

                               SENATE BILL 5350


     State of Washington       67th Legislature       2021 Regular Session

     By Senator Honeyford




1        AN ACT Relating to extending certain aerospace tax preferences to
2    include unmanned aircraft systems; amending RCW 82.32.550; creating a
3    new section; and providing an effective date.


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


 5       NEW SECTION. Sec. 1. (1) The legislature finds that the people
 6   of Washington have benefited from the presence of the aerospace
 7   industry. The legislature further finds that the industry continues
 8   to provide good-wage jobs and benefits for employees throughout the
 9   state. The legislature acknowledges that expansion of the aerospace
10   industry to other types of aircraft manufacturing would provide
11   additional good-wage jobs for the citizens of Washington, increasing
12   the economic activity of manufacturing in the state. Therefore, the
13   legislature intends to extend certain aerospace industry tax
14   preferences to commercial unmanned aircraft systems manufacturing in
15   order to encourage the migration of these businesses to Washington,
16   in turn creating and retaining good-wage jobs and new tax revenue for
17   the state.
18       (2) It is the specific public policy objective of the legislature
19   to provide tax preferences to the manufacturing of commercial
20   unmanned aircraft systems, including the components used in the
21   manufacturing process. These tax preferences are intended to promote
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 1   economic growth and jobs for Washington. The legislature categorizes
 2   these tax preferences as ones intended to create and retain jobs, as
 3   described in RCW 82.32.808(2)(c).
 4       (3)(a) In order to obtain the necessary data to perform a review
 5   of the tax preference provided in this act, persons using any of the
 6   preferences created under this act must file a tax preference annual
 7   report under RCW 82.32.534.
 8       (b) The joint legislative audit and review committee must review
 9   the tax preference provided in this act as part of its normal review
10   process of tax preferences. The committee must assess employment
11   changes and tax revenue changes in the commercial unmanned aircraft
12   systems industry in Washington in comparison to employment and tax
13   revenues prior to the extension of tax preferences in this act. The
14   committee must assess the number of jobs created in the commercial
15   unmanned aircraft systems industry in Washington during the term of
16   the tax preferences provided in this act. If the committee finds that
17   the number of jobs in the commercial unmanned aircraft systems
18   industry has increased by an average of 50 jobs during the term of
19   the tax preferences provided in this act, then the legislature
20   intends for the legislative auditor to recommend extending the
21   expiration date of the tax preference.
22       (c) To the extent practicable, the joint legislative audit and
23   review committee must use data provided by state agencies responsible
24   for administering unemployment insurance and collecting tax revenue
25   and data statistics provided by the bureau of labor statistics.


26       Sec. 2.   RCW 82.32.550 and 2010 1st sp.s. c 23 s 517 are each
27   amended to read as follows:
28       (1)(a) "Commercial airplane" has its ordinary meaning, which is
29   an airplane certified by the federal aviation administration for
30   transporting persons or property, and any military derivative of such
31   an airplane.
32       (b)   Until   July   1,   2032,   "commercial   airplane"  includes
33   "commercial unmanned aircraft system," which is any federal aviation
34   administration-certified aircraft designed to operate autonomously or
35   be piloted remotely without a pilot on board, and the equipment
36   necessary to remotely control or operate such aircraft.
37       (2) "Component" means a part or system certified by the federal
38   aviation   administration   for   installation   or   assembly into   a
39   commercial airplane.
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1       (3) "Superefficient airplane" means a twin aisle airplane that
2   carries between ((two hundred)) 200 and ((three hundred fifty)) 350
3   passengers, with a range of more than ((seven thousand two hundred))
4   7,200 nautical miles, a cruising speed of approximately mach .85, and
5   that uses ((fifteen)) 15 to ((twenty)) 20 percent less fuel than
6   other similar airplanes on the market.

7      NEW SECTION.   Sec. 3.   This act takes effect October 1, 2021.

                                  --- END ---




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