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Washington state waived $18.8 million in deferred taxes for Amazon and Microsoft in 2024, years after ending tech tax breaks in 2015.
Washington state provided nearly $1 billion in tax breaks from 1994 to 2015 to tech companies like Amazon, Microsoft, and Google, offering sales tax deferrals and R&D credits in key industries.
By January 2025, participants saved over $446 million in business taxes and $615 million in sales taxes, with Amazon and Microsoft receiving major benefits.
The programs expired in 2015, but deferred taxes were waived in 2024, including $13.9 million for Amazon and $4.9 million for Microsoft.
While the state aimed to spur innovation and high-wage jobs, long-term economic returns remain unclear, and the program’s cost to public finances continues to be debated.
El estado de Washington renunció a 18.8 millones de dólares en impuestos diferidos para Amazon y Microsoft en 2024, años después de finalizar las exenciones fiscales tecnológicas en 2015.