Agricultural products

From the 2024 DOR Tax Exemption Study

82.19.050(2) - Agricultural products Description Farmers selling agricultural products at wholesale or to other farmers that grow, raise, or produce agricultural products owned by others are exempt from the litter tax. Purpose Recognizes food products sold by farmers at wholesale and to certain other farmers are not generally associated with significant amounts of litter. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $1.351 $1.356 $1.361 $1.366 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 $1.243 $1.361 $1.366 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 is the average historical growth rate calculated using the U.S. Department of Agriculture 2016-2023 farm income financial indicators. Data Sources - Department of Revenue, Excise tax data - U.S. Department of Agriculture, Washington agriculture and farm data Additional Additional Information Information Category: