Modifying the targeted urban areas tax preference for projects related to nuclear facilities.
Public hearing in the House Committee on Finance at 8:00 AM.
Summary
The legislation updates Washington’s targeted urban area tax preference so that new clean‑energy manufacturing facilities, including nuclear plants, can qualify for tax exemptions if they meet construction, job‑creation and wage standards. Cities must review owners’ filings, verify compliance with labor requirements, and may grant extensions for delays; owners can appeal denials.
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