Washington Lags Behind Other States in Corporate Disclosure and Accountability

States spend billions of dollars every year on tax breaks for businesses. A growing number of states require companies to disclose certain information on the tax breaks they have received. Disclosure allows states to evaluate the costs and benefits of tax breaks. States can monitor tax breaks by looking at job creation levels, job retention, wage bands, and benefits. With disclosure legislation in place, Washington legislators and private residents will have the information needed to change those tax breaks that are not working as intended and support those that are.

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End the Costly R&D Tax Breaks: Invest in Washington’s Families

In 1994, Washington State enacted the Business and Occupation (B&O) tax credit for Research and Development (R&D) and the sales tax deferral for R&D to, among other reasons, stimulate the economy and increase competitiveness in high technology. After nine years and extensive review by the Department of Revenue, it is clear that these tax incentives have not accomplished what they were set up to do.

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Searching For Work That Pays: 1999 Job Gap Study

The 1999 Job Gap Study calculates a basic family budget for different family structures. Based on this “living wage,” the study then estimates the number and proportion of job openings that provide a sufficient wage to support and individual or a family’s basic needs without relying on public assistance.