Sunday, 10 November 2013

Washington state lawmakers pass tax breaks, aiming to win Boeing work

A visitor takes a picture of miniature Boeing passenger aircraft on display at Aviation Expo China 2013 in Beijing By Jonathan Kaminsky OLYMPIA, Washington (Reuters) - The Washington state legislature on Saturday passed a measure to extend nearly $9 billion in tax breaks for Boeing through 2040 in an embattled effort to entice the company to locate production of its newest jet, the 777X, in the Seattle area. A contract locking in Boeing's labor costs, along with the tax incentives, is key to state officials' plan to keep the 777X production local. Boeing has said that barring a "yes" vote on the contract, it would be looking at other potential locations. The tax measure passed the Senate by a vote of 42-2.




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