Flour and oil manufacturing

From the 2024 DOR Tax Exemption Study

82.04.260(1)(a) - Flour and oil manufacturing Description Manufacturers of flour, pearl barley, soybean oil, canola oil, canola meal, canola byproducts, and sunflower oil receive a preferential B&O tax rate of 0.138%. The tax rate for general manufacturing is 0.484%. Purpose To provide tax relief to businesses because of a highly competitive market structure. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this preferential tax rate would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions This preferential B&O tax rate impacts fewer than three taxpayers; any impacts are confidential. Data Sources Department of Revenue, Excise tax data Additional Additional Information Information Category: Agriculture Year Enacted: 1949 Primary Beneficiaries: Flour and oil manufacturers Taxpayer Count: Fewer than three Program Inconsistency: None evident JLARC Review: Expedited review completed in 2009 and 2022 2024 Tax Exemption Study Page 28