It was the legislative equivalent of a buzzer beater. Just as the Washington legislature was about to adjourn last month, the House and Senate quickly passed a series of tax breaks mostly for businesses. They included exemptions for dance clubs, mint growers, dairy products and this one: digital data used by international investment firms.
That last one will largely benefit a single global firm – Seattle-based Russell Investments. This tax break passed despite efforts to close these kinds of loopholes.