| May 10, 2005
OLYMPIA…The governor signed into
law a bill prime-sponsored by Sen. Bob Morton, R-Orient, that
encourages the manufacture of solar energy systems in Washington state.
“This bill
comes at a time when Washington must diversify its energy generation,” said
Morton, ranking member of the Senate Water, Energy and Environment
Committee. “As we deal with drought, Washington is still 52 percent reliant
on hydropower. Incentives to diversify would help us overcome that reliance,
along with keeping and creating manufacturing-wage jobs in our state.”
Morton’s
proposal, Senate Bill 5111, provides a variety of tax incentives to
support and boost the solar panel production industry in Washington state,
which includes:
-
a sales
tax exemption for construction of new buildings;
-
a use tax
exemption on personal property used in the project;
-
a
business and occupation tax job credit of $3,000 per full-time
manufacturing production job; and
-
a
property tax exemption on machinery and equipment used in manufacturing.
Washington
already boasts a $150 million solar energy manufacturing industry.
“Washington’s climate is ripe for the solar industry, given the proper
incentives,” Morton added. “The business and environmental benefits
associated with locating this industry here could advantage the state as a
whole.”
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For more information contact Tami Davis
(360) 786-7519 or
davis.tami@leg.wa.gov
|