Wood biomass fuel manufacturing

From the 2024 DOR Tax Exemption Study

82.04.260(1)(e) - Wood biomass fuel manufacturing Description The manufacturing of wood biomass fuel gets a reduced B&O tax rate of 0.138%. The general tax rate for manufacturing is 0.484%. “Wood biomass fuel” means a liquid or gaseous fuel produced from lignocellulosic feedstocks, including wood, forest, or field residue, and dedicated energy crops. The term does not include wood treated with chemical preservations like creosote, pentachlorophenol, or copper-chrome-arsenic. Purpose Encourage the production of alternative fuels in Washington. 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 $0.000 Repeal of Repealing this reduced B&O tax rate would increase revenues. exemption Potential ($ 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 reduced 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: Business Year Enacted: 2003 Primary Beneficiaries: Wood biomass