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Bill > HB1182
WA HB1182
WA HB1182Providing 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
01/08/2024
01/08/2024
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; reenacting and 3 amending RCW 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 the first 20,000 gallons of a winery's wine or cider sales from certain taxes, while retaining the existing taxes for any sales above that amount. The bill also includes a tax preference performance statement, which sets out the legislative intent to promote the development of small wineries and directs the Joint Legislative Audit and Review Committee to evaluate the impact of the tax exemption by 2028 and 2033. The goal is to assist small wineries that have faced various challenges in recent years, and the legislature intends to extend the tax exemption if it helps decrease the number of small wineries going out of business, increase the number of small wineries growing production, or increase sales and use tax collected from wineries.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (1)
Last Action
Referred to Finance. (on 01/08/2024)
Taxonomy
Banking, Finance, and Domestic Commerce
- ‐ Beverage Industry Regulation
- ‐ Small Business
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
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