Post by Logan on May 4, 2016 1:10:04 GMT -6
Boeing’s historic tax break from state even bigger than thought
Remember a couple years ago when we gave Boeing what was dubbed the largest state tax-break deal to a private company in American history?
We had no idea.
The numbers are in for Boeing for the first two years since that pricey deal passed. And so far they are blowing the lid off even the historic cost estimates made at the time.
In 2015, Boeing got tax breaks and credits totaling $305 million — which is 55 percent more than the state estimated the entire aerospace industry would cash in for that year. In 2014, Boeing alone exceeded the tax-break estimates by 19 percent.
Read more: www.seattletimes.com/seattle-news/boeings-historic-tax-break-from-state-even-bigger-than-thought/
Remember a couple years ago when we gave Boeing what was dubbed the largest state tax-break deal to a private company in American history?
We had no idea.
The numbers are in for Boeing for the first two years since that pricey deal passed. And so far they are blowing the lid off even the historic cost estimates made at the time.
In 2015, Boeing got tax breaks and credits totaling $305 million — which is 55 percent more than the state estimated the entire aerospace industry would cash in for that year. In 2014, Boeing alone exceeded the tax-break estimates by 19 percent.
Read more: www.seattletimes.com/seattle-news/boeings-historic-tax-break-from-state-even-bigger-than-thought/