Tag Archives: Fortune

New data center law helps agricultural processors

Data CenterA new Washington state law modifying tax exemptions for data centers also benefits agricultural processors and craft distilleries. Senate Bill 6635 extends a sales and use tax exemption to eligible data centers that begin construction prior to July 1, 2016, and also extends until a business and occupation tax exemption crucial to commercial ag processors, including those that handle fruits, vegetables, dairy and seafood.

The exemption offers producers a competitive advantage as processors are able to compete against other states that don’t have a business and occupation tax. The state’s food processing and manufacturing industry generated $17 billion in 2011 and created more than 18,000 jobs and $1.4 billion in wages and $1.5 billion in added value. Continue reading