Human body parts

From the 2024 DOR Tax Exemption Study

82.08.02806; 82.12.02748 - Human body parts Description Sales of human blood, tissue, organs, bodies, or body parts are exempt from sales and use taxes when they are used for medical research or quality control testing. Purpose To support medical research in Washington. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.199 $0.209 $0.218 $0.229 Local Taxes $0.090 $0.094 $0.098 $0.103 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.191 $0.218 $0.229 Local Taxes $0.000 $0.086 $0.098 $0.103 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 months of collections in fiscal year 2025. - Growth rates are based on an article published by PR Newswire and will be 4.7% through 2026 and 5.3% thereafter. - Local revenue estimates use the statewide average local sales and use taxes rate of 2.92%. Data Sources - PRNewsWire.com, "Blood and Blood Components Global Market to Reach $58.46 Billion by 2031" - Statista, North America: Gross domestic product of Canada and the United States from 2018 to 2028 - Popular Science,