Seafood processing

From the 2024 DOR Tax Exemption Study

82.04.120(2)(b) - Seafood processing Description The cutting, grading or ice glazing of seafood cooked, frozen or canned outside of Washington is not a manufacturing activity. These activities are not subject to the 0.484% manufacturing B&O tax rate. Purpose To encourage these activities and to create and retain jobs within the seafood industry. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes Indeterminate Indeterminate Indeterminate Indeterminate Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exclusion would increase revenues, however the impact is exemption indeterminate. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 Indeterminate Indeterminate Indeterminate Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions Revenue impacts are indeterminate, because other statutes exempt some but not all activities from manufacturing B&O tax. Activities not exempt are not separately identifiable. Data Sources Department of Revenue, Excise tax data Additional Additional Information Information Category: Business Year Enacted: 1975 Primary Beneficiaries: Seafood processors Taxpayer Count