Deduction of one-half of fish tax

From the 2024 DOR Tax Exemption Study

82.27.020(2) - Deduction of one-half of fish tax Description A licensed dealer who purchases enhanced food fish from a commercial fisher pays a fish tax. The licensed dealer may deduct an amount equal to one-half of the fish tax from the price they pay to the commercial fisher. Purpose To promote the commercial fish industry in Washington. 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 $0.000 Repeal of Repealing this deduction would not increase revenues but would increase the cost exemption to consumers. Potential ($ 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 This deduction does not reduce the amount of fish tax due. The licensed dealer can share the amount due with the commercial fisher. Data Sources Department of Revenue, Excise tax data Additional Additional Information Information Category: Tax base Year Enacted: 1980 Primary Beneficiaries: Businesses paying enhanced food fish tax Taxpayer Count: 148 Program Inconsistency: None evident JLARC Review: No review com