Wash. Lawmakers Aim To Unveil Secret Business Tax Info

Law360, New York (February 24, 2014, 1:45 PM EST) -- A Washington state bill that requiring public disclosure of tax breaks given to publicly traded companies claiming more than $10,000 in annual tax breaks sailed through the House and landed in the Senate for debate Thursday.

State taxpayers have access to more than 650 tax preferences, including exclusions, deductions, exemptions, preferential tax rates, deferrals and credits, and Washington lawmakers want to publicize the amount and nature of most tax breaks given to large companies.

“[W]e do not know how many tax dollars are being spent or...
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