The bill aims to extend an 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 allow for this exemption to continue until January 1, 2038, for hazardous substances defined as agricultural crop protection products, provided they are solely for use by farmers or certified applicators. 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 seeks to improve industry competitiveness by incentivizing the storage of these products within the state. It notes that the current tax burden has led to a decline in warehousing activities, which negatively impacts job creation and the supply chain for local farmers. 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