Extracted fuel

From the 2024 DOR Tax Exemption Study

Home Education Industry Guides Commercial Fishing Commercial Fishing In Washington Waters Print Commercial fishing in Washington waters Extracting Income from catching fish in Washington waters (within the three-mile limit) is subject to business and occupation (B&O) tax under the Extracting classification. The taxable amount is based on the value of the fish, which is usually the selling price. Persons performing extracting activities for other extractors are subject to the Extracting for Hire B&O tax upon their gross income from those services. Wholesale sales of fish Your income from sales of fish to resellers in Washington is subject to B&O tax under the Wholesaling classification when the buyer provides a valid reseller permit. You do not have to collect retail sales tax on wholesale sales. You must keep copies of reseller permits for five years. Retail sales of fish Your income from sales of fish to Washington consumers is subject to B&O tax under the Retailing classification. You do not have to collect sales tax on fish sold for human consumption. You must report the gross amount of such sales as Retail Sales and then take an Exempt Food Sales deduction . Fish sold for purpo