This bill aims to enhance access to targeted urban area tax preferences for clean energy manufacturers in Washington State, reflecting the legislature's commitment to clean energy production and job creation in this sector. It allows cities to extend the time frame for tax exemptions specifically for clean energy projects, thereby supporting the state's economic growth and carbon-free energy goals. The bill introduces new requirements for projects, particularly those involving nuclear facilities, which must now include additional documentation and verification processes to ensure compliance with labor standards and job creation commitments.

Amendments to RCW 84.25.110 include changes to the application process for tax exemptions, such as the requirement for a statement of new family living wage jobs created by the construction of industrial/manufacturing facilities. The bill also specifies that cities must consult with the Department of Labor and Industries to confirm compliance with wage laws for nuclear facility projects. Furthermore, it allows for extensions of up to 24 months for project completion deadlines under certain circumstances, with the possibility of two additional extensions for nuclear facilities. The bill establishes a process for appealing exemption denials, ensuring transparency and fairness in the application of tax preferences.

Statutes affected:
Original Bill: 84.25.030, 84.25.110
Substitute Bill: 84.25.030, 84.25.110
Engrossed Substitute: 84.25.110