Modifying the excise taxation of the manufacturing, selling, and processing of certain food products.
Summary
Extends the Business and Occupation (B&O) tax exemption, sales and use tax deferral on manufacturing facilities, and warehouse tax remittance adopted for fruit and vegetable products in 2005 to seafood and dairy products and ends the tax exemptions on July 1, 2012.
Reduces B&O tax to 0.484 percent for inspecting, testing, and labeling canned salmon owned by another person and provides a retail sales and use exemption on materials used in the labeling or packaging of canned salmon.
From the House Bill Report (SB 6704), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House