Packing agricultural products

From the 2024 DOR Tax Exemption Study

82.04.120(2)(d) - Packing agricultural products Description Manufacturing B&O excludes the process of packing agricultural products. This includes sorting, washing, rinsing, grading, waxing, treating with fungicide, packaging, chilling, or placing in a controlled atmospheric storage. Purpose Clarifies that packing of agricultural products is not a manufacturing activity and is ineligible for manufacturing tax incentive programs. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exclusion would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions Impacts reported under the B&O tax deduction for processing horticultural products. Data Sources Department of Revenue, Excise tax data Additional Additional Information Information Category: Agriculture Year Enacted: 1975 Primary Beneficiaries: Agricultural product packers Taxpayer Count: Unknown Program Inconsistency: None evident JLARC Review: No review completed