Modifying the excise taxation of fruit and vegetable processing and storage.
Summary
Exempts fresh fruit and vegetable processing from business and occupation tax.
Exempts from sales and use tax the construction of and machinery and equipment used in fresh fruit and vegetable processing facilities and cold storage warehouses. Requires exempted taxes be paid if facility or warehouse used for another purpose within eight years. Program ends July 1, 2010.
Exempts cold storage warehouses larger than 25,000 square feet from the state sales tax on construction and material-handling and racking equipment.
Requires firms using these exemptions to report annually on the amount of exemption taken; number of jobs and the percent of full and part-time jobs; wages by salary band; number of jobs with employer provided health and retirements; and other company related information.
Allows public disclosure of the amount of the sales tax exemption taken for firms taking more than $10,000 annually in exemptions.
Requires the Department of Revenue to annually summarize by category information reported by firms.
From the Substitute House Bill Analysis (SSB 6665), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House