Washington Governor Jay Inslee signed into law a bipartisan bill from 17th District State Rep. Paul Harris that will provide a boost to the semiconductor industry in Washington. House Bill 2482 will extend two tax preferences for semiconductor manufacturing until Jan. 1, 2034. The legislation also reinstates six tax preferences that expired at the start of this year and extends them for 10 years, contingent on new industry investment. Under House Bill 2482, the six expired tax preferences will be reinstated contingent upon the construction of a new semiconductor manufacturing fabrication facility built by Jan. 1, 2034, with an investment of at least $500 million in buildings and equipment. In 2022 the semiconductor industry created $2.5 billion in wages and is the eighth largest export for Washington at $898 million. Semiconductor manufacturing jobs are expected to double in the next 10 years. Additionally, out of the 50,632 semiconductor manufacturing jobs in Washington, 55% are in Clark County. The bill contains an emergency clause and will take effect immediately.