Investment of businesses in related entities

From the 2024 DOR Tax Exemption Study

Home Forms & Publications Publications By Subject Special Notices Legislative Update - Current Use, Marijuana, And Designated Forest Land Legislation Print Legislative Update - Current Use, Marijuana, and Designated Forest Land Legislation Issue Date June 12, 2014 All legislation is effective June 12, 2014, unless otherwise stated. SB 6505 – Clarifying that marijuana, useable marijuana, and marijuana-infused products are not agricultural products Q: What property tax impacts does the passage of SB 6505 have on chapter 84.34 RCW ? A: Section 27 of SB 6505 adds a new section to chapter 84.34 RCW. The new section provides that land used in the growing, raising, or producing of marijuana, useable marijuana, or marijuana-infused products, including marijuana concentrates, does not qualify for any of the current use classifications under chapter 84.34 RCW and does not apply to any activity, such as the acquisition of conservation futures, under chapter 84.34 RCW. Q: SB 6505 is effective June 12, 2014. Could property used in the growing, raising, or producing of marijuana, useable marijuana, or marijuana-infused products, including marijuana concentrates, qualify for current use classific