Overview

Health Benefit Exchange | Biennial beneficiary savings: $2.2 million; Expiration date: 7/1/2023

The preference reduces the Exchange's administrative costs by $1 million per year, allowing it to maximize its funding for operating a health insurance marketplace. The Legislature should extend or eliminate the July 1, 2023 expiration date.

Manufacturers' Deferral | Biennial beneficiary savings: $240,000 - $380,000; Expiration date: 1/1/2026

Reduced B&O Rate for Printing and Publishing Newspapers | Biennial beneficiary savings: $823,000; Expiration date: 7/1/2024

The preference provides tax relief to newspaper printers and publishers and saves these businesses money. However, the newspaper industry continues to lose revenue and jobs as it seeks to stabilize financially. The Legislature should review this preference to determine if it provides sufficient relief to newspaper printers and publishers, and whether additional assistance is needed to help the news industry more broadly.

Medical Cannabis Tax Preferences | Biennial beneficiary savings: $4.9 million; Expiration date: none

Targeted Urban Area Exemption | Biennial beneficiary savings: $0; Expiration date: 12/31/2030

Credit for Renewable Energy Program Payments | Biennial beneficiary savings: $27.4 million; Expiration date: 6/30/2030

The tax credit program increased Washington's solar capacity and met its solar-related employment target. It did not broaden low-income participation. Solar installations have continued after the program reached its funding limit. The Legislature should allow this preference to expire.

Nonprofit Outpatient Dialysis Facilities | Biennial beneficiary savings: $4.2 million; Expiration date: none