Minimal amount of hazardous substance

From the 2024 DOR Tax Exemption Study

82.21.040(3) - Minimal amount of hazardous substance Description Possession of a minimal amount of a hazardous substance (as determined by the Department of Ecology) by a retailer to make sales to consumers is exempt from the hazardous substance tax. This exemption does not apply to pesticides or petroleum products. Purpose To avoid the administrative burden of collecting taxes on many taxpayers for minimal amounts. The administrative burden would be on the collecting agency and businesses that would have to report small amounts of tax. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.026 $0.028 $0.029 $0.030 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 $0.013 $0.017 $0.021 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. - Growth rate mirrors the value-based hazardous substance tax revenue reflected in the department's March 2023 non-general fund forecast, which uses the consume