Commercially grown fish & shellfish

From the 2024 DOR Tax Exemption Study

82.27.030(2) - Commercially grown fish & shellfish Description Growing, processing, or dealing with food fish and shellfish raised from eggs, fry, or larvae by agricultural methods in Washington is exempt from enhanced food fish tax. Purpose The enhanced food fish tax is not intended to apply to commercially produced fish and shellfish. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $1.529 $1.529 $1.529 $1.529 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 $1.402 $1.529 $1.529 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 months of collections in fiscal year 2025. - A growth rate was not applied due to the volatile nature of enhanced food fish tax collections. Data Sources - Department of Revenue, Excise tax data - University of Washington, Sea Grant Washington, Shellfish harvest value Additional Additional Information Information Category: Tax base Year Enacted: 1980 Primary Beneficiaries: Fish farms Taxpayer Count: 85 P