The bill aims to extend the existing hazardous substance tax exemption for certain agricultural crop protection products that are temporarily warehoused in Washington but not used, manufactured, packaged, or sold within the state. Specifically, it amends RCW 82.21.040 to include a new provision that allows for this exemption to remain in effect until January 1, 2036. The bill defines "agricultural crop protection product" and clarifies that the exemption applies to products stored for use by farmers or certified applicators, thereby encouraging the storage of these products in Washington as part of interstate commerce.

Additionally, the bill emphasizes the importance of the agricultural industry to Washington's economy and aims to improve industry competitiveness by clarifying the tax exemption. It highlights the negative impact of the current tax burden, which has led to a decline in warehousing these products in the state, resulting in job losses and reduced tax revenue. The legislature intends to monitor the revenue from the hazardous substance tax and may extend the exemption if a review indicates an increase in revenue.

Statutes affected:
Original Bill: 82.21.040