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, 2028. The exemption applies to hazardous substances defined under RCW 82.21.020(1)(c) that are solely for use by farmers or certified applicators, provided they are not otherwise utilized or sold in Washington. The bill also clarifies definitions related to agricultural crop protection products and outlines the conditions under which the exemption applies.

Additionally, the bill emphasizes the importance of the agricultural industry to Washington's economy and aims to incentivize the storage of agricultural crop protection products within the state to enhance regional competitiveness. It highlights the negative impact of the current tax burden, which has led to a decline in warehousing activities in Washington, 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 tax revenue.

Statutes affected:
Original Bill: 82.21.040
Bill as Passed Legislature: 82.21.040
Session Law: 82.21.040