Bill > HB2454

This bill extends an existing hazardous substance tax exemption for certain agricultural crop protection products that are temporarily warehoused in the state of Washington, but not otherwise used, manufactured, packaged, or sold within the state. The bill clarifies the existing exemption to incentivize the storage of these products in Washington, which serves as an efficient transportation hub for Pacific Northwest farmers. The legislature's intent is to encourage the regional competitiveness of agricultural distribution and mitigate the loss of jobs and tax revenue that has occurred as agricultural crop protection products are being redirected to out-of-state distribution centers due to Washington's tax burden. The bill also includes provisions for reviewing the impact on tax revenue and potentially extending the expiration date of the tax preference.