The bill modifies tax and revenue laws in Washington State, focusing on extending preferential tax rates for manufacturers and wholesalers in the solar silicon industry by five years to protect jobs amid trade disputes. It amends several sections of the Revised Code of Washington (RCW), including RCW 82.08.050, 82.08.986, and 43.06.400, and introduces new criteria for tax preferences based on employment levels and wages. The bill also outlines tax exemptions for computer data centers, specifying conditions for exemption certificates and clarifying requirements for family wage employment positions, including a new definition for "health insurance provider."

Additionally, the bill mandates the immediate repayment of previously exempted sales and use taxes if qualifying businesses fail to meet requirements, with exceptions for uncontrollable circumstances. It encourages environmentally friendly practices and requires annual tax performance reports to monitor employment and construction activities. The bill introduces definitions related to the refurbishment of computer data centers and mandates the Department of Revenue to report every four years on the financial impact of tax exemptions, increasing transparency by deleting a previous exemption from reporting requirements. Overall, the bill aims to enhance job retention and growth while ensuring compliance with tax regulations.

Statutes affected:
Original Bill: 36.21.015, 82.08.050, 82.32.020, 43.06.400
Substitute Bill: 82.08.050, 82.32.020, 43.06.400
Bill as Passed Legislature: 82.08.050, 82.32.020, 43.06.400
Session Law: 82.08.050, 82.32.020, 43.06.400