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Senate committee hears bill to exempt small Washington farms from sales tax on certain equipment
Summary
Senate Bill 5092 would expand an existing parts exemption to exempt purchases of qualifying farm machinery priced $10,000 or more for farmers with annual gross sales under $2,000,000; proponents said the change would help small operators, while staff flagged an estimated $3 million annual state revenue loss.
The Washington Senate Agriculture, Water, Natural Resources & Parks Committee heard public testimony Jan. 16 on Senate Bill 5092, a proposal to broaden a sales and use tax exemption for farmers purchasing qualifying farm machinery and equipment.
The bill would make farmers with annual gross sales or harvest values of less than $2,000,000 eligible for a sales-and-use tax exemption on purchases of qualifying equipment bought for $10,000 or more, provided the buyer presents an exemption certificate from the Department of Revenue. Eligible farmers could claim the exemption only once per year. The bill would expire…
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