Aluminum manufacturing and wholesaling

From the 2024 DOR Tax Exemption Study

82.04.2909 - Aluminum manufacturing and wholesaling Description Income from businesses using an aluminum smelter to manufacture and wholesale aluminum receive a preferential B&O tax rate of 0.2904%. Income from manufacturing and wholesaling non-aluminum products is subject to the manufacturing and wholesaling B&O tax rate of 0.484%. Purpose Provides tax relief to the aluminum industry by providing a reduced B&O rate to manufacturers, processors for hire, and wholesalers. 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 $0.000 Repeal of Repealing this preferential rate would not increase revenue because currently no exemption taxpayers use it. Potential ($ 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 No taxpayers currently use this preferential rate. We expect no usage during the forecasted period of this study. Data Sources Department of Revenue, Excise tax data Additional Additional Information Information Category: Business Year Enacted: 2004 Primary Beneficiaries: Alum