// Exemption

Credit unions - state chartered

B&O Tax exemption · RCW 82.04.405 · enacted 1970

All exemptions & deductions

Details

Citation
RCW 82.04.405
Study reference
E1087-1
Tax type
B&O Tax
Preference type
Exemption
Category
Business
Year enacted
1970
End date
None scheduled

Fiscal impact (2024 study estimates)

Revenue if repealed — local ($M)
FY 2024: 0 · FY 2025: -0.441 · FY 2026: -0.504 · FY 2027: -0.527
Revenue if repealed — state ($M)
FY 2024: 0 · FY 2025: 0.194 · FY 2026: 0.274 · FY 2027: 0.343
Taxpayer savings — local ($M)
FY 2024: 0 · FY 2025: 0 · FY 2026: 0 · FY 2027: 0
Taxpayer savings — state ($M)
FY 2024: 50.94 · FY 2025: 55.37 · FY 2026: 60.19 · FY 2027: 65.43

CTI = confidential taxpayer information · D = unable to disclose

From the 2024 DOR Tax Exemption Study

1. [Home](/) 2. [Open A Business](/open-business) 3. [Apply For A Business License](/open-business/apply-business-license) 4. [Plan For Taxes](/open-business/apply-business-license/plan-taxes) 5. Business And Occupation (B&O) Tax Classification Definitions Print # Business and occupation (B&O) tax classification definitions Definitions for each B&O tax classification are listed below. Use these definitions to determine which classification(s) under which you need to report business income on the excise tax return. If you conduct multiple activities, you may need to report under several B&O tax classifications. Take a look at our [tax classifications for common business activities](/open- business/apply-business-license/plan-taxes/tax-classifications-common- business-activities). For assistance in determining the correct classification(s) for your business, or if you have received a return that does not have the classification(s) you need, [contact us](/contact). Aerospace Assisted Living Facilities Canned Salmon Labelers Chemical Dependency Centers Child Care Cleanup of Radioactive Waste for US Government Credit Unions Extracting, Extracting for Hire Federal Aviat

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This is reference data from the 2024 study — not advice, and 2025–26 legislation may have changed it. Three ways to go deeper: