Washington state lawmakers pass tax breaks, aiming to win Boeing work

[riky]

Washington state lawmakers pass tax breaks, aiming to win Boeing work

<p><a href="http://news.yahoo.com/washington-state-lawmakers-pass-tax-breaks-aiming-win-002821595--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/8goeMZ1bnPUrS9S_VKUIAA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-11-09T222147Z_1_CBRE9A81Q4J00_RTROPTP_2_CHINA.JPG" width="130" height="86" alt="A visitor takes a picture of miniature Boeing passenger aircraft on display at Aviation Expo China 2013 in Beijing" align="left" title="A visitor takes a picture of miniature Boeing passenger aircraft on display at Aviation Expo China 2013 in Beijing" border="0" /></a>By Jonathan Kaminsky OLYMPIA, Washington (Reuters) - The Washington state legislature on Saturday passed a measure to extend nearly $9 billion in tax breaks for Boeing through 2040 in an embattled effort to entice the company to locate production of its newest jet, the 777X, in the Seattle area. A contract locking in Boeing's labor costs, along with the tax incentives, is key to state officials' plan to keep the 777X production local. Boeing has said that barring a &quot;yes&quot; vote on the contract, it would be looking at other potential locations. Industry experts say Washington faces competition from states including South Carolina, where Boeing assembles some of its 787 Dreamliners, as well as Texas and Utah.</p><br clear="all"/>

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