Washington state Senate passes tax breaks, aiming to win Boeing work

[riky]

Washington state Senate passes tax breaks, aiming to win Boeing work

<p><a href="http://news.yahoo.com/washington-state-senate-passes-tax-breaks-aiming-win-222147729--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 Senate 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. &quot;It is your job and your family and your pension, but it also has lots to do with the future of the state.&quot; Along with a bill to commit more state funds to aerospace worker training programs, the tax incentives bill headed to the Washington state House, which was expected to act later in the day.</p><br clear="all"/>

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