Architectural paint assessment

From the 2024 DOR Tax Exemption Study

82.04.759 - Newspapers - eligible digital content Data Sources - Department of Revenue, Excise tax return data - S&P Global Market Intelligence, March 2023 forecast Additional Additional Information Information Category: Business Year Enacted: 2023 Primary Beneficiaries: Newspaper printers and publishers and publishers of eligible digital content Taxpayer Count: 110 Program Inconsistency: None evident JLARC Review: No review completed 2024 Tax Exemption Study Page 258 82.04.765 - Architectural paint assessment Description The purchase price of new paint includes a paint stewardship fee. This fee funds the operation of the architectural paint stewardship program (70A.515 RCW) and is exempt from B&O tax. Purpose To reduce the cost to businesses required to collect and remit the paint stewardship program fee. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.041 $0.041 $0.041 $0.041 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 $0.038 $0.041 $0.041 Local Taxes $0.000 $0.000 $0.000 $0