Tag: I-732

The building and construction trades, which includes Architects, Engineers, General Contractors, Painters, Flooring Installers, Electricians, Plumbers, and other related vocations, will see an increase in new business and new jobs as a result of passing Initiative 732. This is because reductions in the state sales tax realized by this sector will far exceed new energy costs from a carbon tax. The tax swap proposed by I-732 reduces the state sales tax one full percentage point, effectively lowering the cost for new construction and renovation projects in Washington State, while boosting demand. (more…)