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Bill > HB2707
WA HB2707
WA HB2707Removing a tax exemption for the warehousing and reselling of prescription drugs.
summary
Introduced
01/30/2026
01/30/2026
In Committee
01/30/2026
01/30/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT Relating to removing a tax exemption for the warehousing 2 and reselling of prescription drugs; reenacting and amending RCW 3 82.04.280; creating a new section; repealing RCW 82.04.272; and 4 providing an effective date. 5
AI Summary
This bill removes a tax exemption for businesses that warehouse and resell prescription drugs, meaning these activities will now be subject to a tax. The bill amends an existing law (RCW 82.04.280) to include the warehousing and reselling of prescription drugs under a 0.5% tax on gross income, defining "drug" and "prescription" for this purpose and clarifying what "warehousing and reselling drugs" entails, specifically for wholesalers and retailers registered with federal and state authorities. Additionally, the bill repeals a previous law (RCW 82.04.272) that specifically exempted this activity, with the changes taking effect on January 1, 2027, as part of a broader legislative effort to review tax exemptions and ensure adequate revenue for essential state services.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
First reading, referred to Finance. (on 01/30/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://app.leg.wa.gov/billsummary?BillNumber=2707&Year=2025&Initiative=false |
| Fiscal Note - 2707 HB (Final) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=76595 |
| Fiscal Note - 2707 HB (Partial) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=76378 |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/House%20Bills/2707.pdf |
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