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WA SB5013

WA SB5013
Providing a tax exemption for the first 20,000 gallons of wine sold by a winery in Washington.


summary

Introduced
01/09/2023
In Committee
01/31/2024
Crossed Over
Passed
Dead
04/12/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

AN ACT Relating to providing a tax exemption for the first 20,000 2 gallons of wine sold by a winery in Washington; amending RCW 3 66.24.210; and creating a new section. 4

AI Summary

This bill provides a tax exemption for the first 20,000 gallons of wine or cider sold by a winery in Washington. Specifically, it amends the existing law (RCW 66.24.210) to exempt a winery's sale of the first 20,000 gallons of table wine or cider from most taxes imposed on wine sales, with the exception of a tax for the Washington Wine Commission. The bill also includes a tax preference performance statement, which indicates that the purpose of this tax exemption is to create and retain jobs in the wine industry, especially for small wineries facing challenges. The Joint Legislative Audit and Review Committee is required to conduct an initial evaluation of the tax preference by January 1, 2029, and a final evaluation by January 1, 2034.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (5)

Last Action

Referred to Ways & Means. (on 01/31/2024)

Taxonomy

Banking, Finance, and Domestic Commerce
  • ‐ Beverage Industry Regulation
  • ‐ Small Business
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

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