Boats under 16 feet

From the 2024 DOR Tax Exemption Study

82.49.020(3) - Boats under 16 feet Description Vessels under 16 feet in overall length are exempt from the watercraft excise tax. Purpose To minimize administrative costs and to mirror the exemption from vessel registration for certain vessels under 16 feet. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $6.900 $6.900 $6.900 $6.900 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 $6.300 $6.900 $6.900 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. - Based on historical data, annual growth is minimal. Data Sources - WA Coast Economist, Recreational boat fleet data - JD Power, Shopping guides "Cheap-boats" Additional Additional Information Information Category: Individuals Year Enacted: 1983 Primary Beneficiaries: Owners of vessels under 16 feet Taxpayer Count: Unknown Program Inconsistency: None evident JLARC Review: Expedited review completed in 2013, 2014, and 2017 2024 Tax Exemptio