Academic transcripts

From the 2024 DOR Tax Exemption Study

82.04.399 - Academic transcripts Description Educational institutions are exempt from B&O tax on income from sales of academic transcripts. Purpose Educational institutions which are considered departments and institutions of the state of Washington (like the University of Washington) are not subject to B&O tax and would not be subject to the tax on sales of transcripts regardless of this exemption. Private institutions, however, would be subject to B&O tax on such sales. This exemption provides that all educational institutions, public or private, are exempt from B&O tax on amounts received from sales of transcripts, and thus levels the playing field for public and private educational institutions with respect to these sales. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes Minimal Minimal Minimal Minimal Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 Minimal Minimal Minimal Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 mo