Bill > HB2084

This bill modifies tax regulations in Washington state, primarily focusing on expanding taxation for self-service storage facilities and making technical changes to business tax rates. Specifically, the bill adds a new tax provision requiring businesses that rent or lease individual storage spaces to be taxed at the standard business tax rates outlined in RCW 82.04.290, which range from 1.5% to 1.75% depending on the business's characteristics. The bill also clarifies that proceeds from storage space rentals of 30 days or longer are not considered real estate sales for tax purposes. Additionally, the bill repeals RCW 82.04.062, which previously provided special treatment for precious metal bullion sales, with the repeal set to take effect on October 1, 2025. The tax changes for storage facilities will be implemented on April 1, 2026. The bill includes provisions ensuring that if any part of the act is found invalid, the remainder of the act remains in effect, and it is declared necessary for supporting state government and existing public institutions.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=2084&Year=2025&Initiative=false