Welcome, newspapers - including SW, but likely not the P-I - to the hypocritical world of ranting about special tax favors for big businesses, while soon enjoying the same cuts themselves. As the News Tribune's Joe Turner blogs on a House measure approved 91-5 yesterday:
House Bill 2122 would reduce the business and occupation tax for people in the business of "printing or publishing a newspaper" to the same rate paid by The Boeing Co., Weyerhaueser and Microsoft, according to industry lobbyist Roland Thompson of the Washington Newspaper Publishers Association. That's a 43 percent cut from where it is now. The reduction would take effect July 1 and apparently would last indefinitely. The summary of testimony before the House Finance Committee indicated newspapers said they needed the tax break until about 2015.
The bill, sponsored by House Majority Leader Lynn Kessler, D-Hoquiam, would cost the state about $3 million to $5 million in lower tax collections over the 2009-11 biennium, Thompson said. (And save newspapers that amount, collectively.)