Concerning the taxation of salmon recovery grants by updating the state business and occupation tax deduction for these grants, creating a sales and use tax exemption for grant proceeds received by recipients of these grants, and clarifying the sales and use tax obligations for goods and services purchased by recipients of these grants.
Summary
Exempts salmon recovery grants provided to nonprofit organizations from retail sales and use tax.
Expands the business and occupation tax deduction for salmon recovery grants to nonprofit organizations to include grants from tribal governments.
From the Engrossed House Bill Report (ESB 5220), written by the Legislature's nonpartisan staff. Read the full report ↗
AN ACT Relating to the taxation of salmon recovery grants by updating the state business and occupation tax deduction for these grants, creating a sales and use tax exemption for grant proceeds received by recipients of these grants, and clarifying the sales and use tax obligations for goods and services purchased by recipients of these grants;