Bill
Bill > SB5013
WA SB5013
WA SB5013Providing a tax exemption for the first 20,000 gallons of wine sold by a winery in Washington.
summary
Introduced
01/09/2023
01/09/2023
In Committee
01/31/2024
01/31/2024
Crossed Over
Passed
Dead
04/12/2024
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
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...