Tow truck operator vehicle sales

From the 2024 DOR Tax Exemption Study

82.04.040(1)(b) - Tow truck operator vehicle sales Description The following are exempt from the definition of a retail sale: - The sale of an abandoned vehicle sold by a registered tow truck operator to a successful bidder at a public auction. - The sale of an abandoned vehicle sold by a registered tow truck operator to a licensed vehicle wrecker, hulk hauler, or scrap processor, when there is no successful bidder as described above. This exemption expires January 1, 2030. Purpose To make administration of the sales and use taxes easier for tow truck operators. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.031 $0.031 $0.033 $0.034 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.029 $0.033 $0.034 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 months of collections in fiscal year 2025. - Growth rate mirrors the consumer purchases of vehicles growth rate reflected in the Economic and Revenue Forecast Council's March 20