Today’s Seattle Times carries a convincing op-ed by Seattle Mayor Ed Murray and state Rep. Eric Pettigrew arguing for an extension of a pair of R&D tax incentives scheduled to expire this year. They point out the significance of the tech sector to our state and the economic contribution of the sector.

The tech industry generates nearly $3 billion in sales and B&O taxes each year — which is nearly three times the total tax credits and deferrals received by tech employers in the 20-year history of the R&D incentive programs.

Washington boasts one of the most research-driven economies in the country. But if these incentives are allowed to sunset next year as scheduled, Washington would become one of only eight states not to offer this type of incentive to spur job creation in technology.

We make much the same case in our report, Washington’s Prosperity Depends on Vibrant Tech Sector. In addition, we examine the tax policy justifying such incentives here and here.

Murray and Pettigrew make the right point in their close:

These incentives are not corporate giveaways. They are thoughtful tools with a successful track record of retaining and creating high-paying jobs for Washington residents.

As it stands now, the Senate budget includes a restricted extension of the tax incentives. The House budget plans include no extension.