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Monday, December 23, 2024

The Washington local governments give Amazon $609 million in tax breaks, fourth among states

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Brett/Adobe Stock Photo

Brett/Adobe Stock Photo

Amazon received $609 million in subsidies, tax breaks, and grants from Washington communities for 10 projects.

Advocacy group Good Jobs First, which opposes such subsidies, found the state of Washington provided the fourth-highest amount of grants and breaks among U.S. states to the nearly $1-trillion company.

Washington is ranked behind New York (22 projects/$671 million) and ahead of Oregon (32 projects/$483 million), Texas (13 projects/$306 million), and Ohio (14 projects/$172 million).

The two largest subsidies provided in Washington state were from the Seattle government, equaling $210 million in deferment of the high technology sales and use tax for Amazon's main headquarters, which is located in Seattle.

There were no developments which received undisclosed subsidy amounts.

Mega-corporations are often inclined to invest and expand in the state of Washington, as it is one of the few states that does not have income tax.  

Amazon is not the only major company to be headquartered in Washington. Microsoft and Boeing are also located in a similar area and have each benefited from roughly $100 million in tax breaks.

As of Nov. 17, 2022, Amazon had received 310 separate tax break deals from local and state governments across the U.S., totaling $5.14 billion. The state of Virginia was home to the largest portion of these taxpayer-subsidized Amazon projects. 

Amazon Tax Breaks Across the U.S.
State# ProjectsTotal Subsidy
Virginia20$824,291,799
Illinois16$732,973,199
New York22$671,446,986
Washington10$608,644,670
Oregon32$483,459,645
Texas13$305,959,751
Ohio14$172,418,555
Tennessee20$166,030,438
Kentucky21$111,789,976
Missouri2$110,600,000
Massachusetts5$86,979,275
California12$84,541,000
Michigan5$82,352,146
Maryland3$68,425,000
South Carolina5$64,297,962
Indiana15$60,389,500
Alabama2$56,500,000
Wisconsin6$54,135,500
Louisiana7$48,967,587
New Jersey3$45,422,240
Florida13$43,239,475
Connecticut3$37,700,000
North Carolina5$31,186,975
Pennsylvania4$29,557,871
Georgia5$27,115,929
Mississippi3$23,925,795
Iowa2$22,400,000
Kansas2$21,802,522
Colorado9$15,779,091
Oklahoma5$11,207,651
Utah3$9,780,226
Delaware2$7,972,500
Minnesota1$5,700,000
New Mexico1$5,244,071
Arizona2$5,139,671
Nevada5$3,251,324
Rhode Island1$2,700,000
Maine11$578,828

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