Gov. Jay Inslee signed House Bill 1386 on Monday. Here, he talks in Tukwila before last week’s signing of the new capital gains tax bill. (AP Photo/Ted S. Warren, file)

Gov. Jay Inslee signed House Bill 1386 on Monday. Here, he talks in Tukwila before last week’s signing of the new capital gains tax bill. (AP Photo/Ted S. Warren, file)

Inslee signs bill extending tax break used by area cities

It’s helped Arlington and Marysville attract new businesses to Cascade Industrial Center.

OLYMPIA — Gov. Jay Inslee signed legislation Monday revising, broadening and extending a property tax break which has helped Arlington and Marysville bring new businesses to the Cascade Industrial Center.

Inslee signed House Bill 1386 to extend a 2015 law which had allowed only those two cities plus Lake Stevens to let new manufacturing businesses avoid paying a share of local property taxes under certain conditions. The new law makes the incentive available for use by all cities.

To be eligible, a firm must create and maintain at least 25 “family living wage” jobs defined as paying an average of $23 per hour and provide health care benefits. Also, an industrial or manufacturing facility must be at least 10,000 square feet with an improvement value of at least $800,000.

The law expands the types of industries which are eligible and directs cities to give priority to those that pay prevailing wage rates, contract with women-, minority- and veteran-owned businesses, and hire locally. A tax break can be revoked and companies required to pay back taxes if they fail to maintain the minimum number of jobs.

Talk to us

More in Local News

Carmen Miller, (left) helps Ezekiel Eagle with his selection at Tulalip Remedy in Tulalip on August 22, 2018.  (Kevin Clark / The Herald)
Joints for jabs: Pot-up at a pop-up COVID vaccination clinic

Remedy Tulalip is giving away cannabis cigarettes to those 21 and older who get a shot on Tuesday.

This condo on Norton Ave. in Everett was sold Friday, June 18. (Sue Misao / The Herald)
Snohomish County home values soar in latest assessment

Lack of affordable housing put the squeeze on buyers and drove up home prices across Snohomish County.

Cars make their way across US 2 between Lake Stevens and Everett as wildfire smoke makes downtown Everett barely visible on Friday, Sept. 11, 2020. (Olivia Vanni / The Herald)
Wildfire smoke: A burning health issue is getting worse

As the hazardous haze increases during fire seasons, it’s time to get serious and prepare, experts say.

Everett's Patrick Hall was among people who put up signs in March to save the Longfellow School building.  He is now part of an advisory task force looking at options for the building, which the Everett School District had planned to tear down.  (Dan Bates / The Herald)
National register listing could be next for old Longfellow

But the designation wouldn’t stop the Everett School District from tearing down the former school.

Harry Lee Jones Jr.
Man gets 31½ years for shooting Everett motel guest 12 times

Harry Lee Jones Jr., 27, beat and then shot a Farwest Motel guest in 2018 while two accomplices looted his room.

Pallet communities are groups of tiny homes for unhoused people. Here, a worker installs weatherstripping on a pallet shelter at Pallet in Everett in January 2020. (Kevin Clark / Herald file)
Tiny home community is proposed at a Marysville church

The Pallet shelter community would provide transitional housing to eight people. Neighbors have questions.

Photo courtesy Laura Thompson 

Madison Thompson and her dog Stella.
Whidbey teen, golden retriever make top 8 in NY kennel show

Madison Thompson was one of the youngest competitors in her division of 80 kids.

Chris Stack and Samantha Soule film a scene of their movie, "Midday Black, Midnight Blue," on the Coupeville wharf June 14. (Photo by Karina Andrew/Whidbey News-Times)
Indie film crew: Whidbey residents are ‘generous and welcoming’

The movie makers are shooting scenes for a full-length feature at various sites around the island.

With the Olympic mountains in the background, the first passenger flight by Alaska Airlines Flight 2878 departs for Portland on opening day of the Paine Field Terminal on Monday, March 4, 2019 in Everett, Wash. (Andy Bronson / The Herald)
Snohomish County airports get $5.5 million in federal grants

Paine Field will receive $5.4 million. Arlington’s airport and Harvey Field each are getting $59,000.

Most Read