Washington 2023-2024 Regular Session

Washington Senate Bill SB5915

Introduced
1/8/24  
Refer
1/8/24  
Report Pass
2/1/24  
Engrossed
2/13/24  

Caption

Extending an existing hazardous substance tax exemption for certain agricultural crop protection products that are temporarily warehoused but not otherwise used, manufactured, packaged, or sold in the state of Washington.

Impact

The extension of the hazardous substance tax exemption is expected to have significant positive implications for the agricultural sector in Washington. By alleviating tax burdens associated with warehousing crop protection products, the bill could encourage more efficient agricultural practices and support local farming operations. This may lead to enhanced productivity and could potentially reduce costs for consumers as farmers pass on the savings from the tax exemption.

Summary

SB5915 is a legislative proposal aimed at extending an existing tax exemption for hazardous substances that are used in agriculture, specifically for crop protection products that are temporarily warehoused but not otherwise manufactured, packaged, or sold in the state of Washington. The intention behind this bill is to support agricultural stakeholders by reducing financial burdens related to the storage of these substances, thereby fostering a more favorable operating environment for farmers and agricultural businesses in the state.

Sentiment

Overall, the sentiment surrounding SB5915 appears to be favorable among agricultural stakeholders, as they appreciate the financial relief it offers. Lawmakers have expressed support for the bill, recognizing its potential to aid the agricultural community and bolster the state’s economy. However, some opponents might raise concerns about the environmental implications of increased use or storage of hazardous substances without adequate oversight, although specific dissenting voices were not highlighted in the discussions.

Contention

Notable points of contention may arise around the provisions of the bill concerning regulatory oversight and environmental safety. While the bill aims to provide economic benefits, ongoing discussions may include balancing the financial incentives for agriculture with the necessity of maintaining environmental protections for the use of hazardous substances. Stakeholders might debate whether the legislation adequately addresses potential risks associated with expanded use of these products, thus emphasizing the importance of responsible agricultural practices.

Companion Bills

WA HB2454

Crossfiled Extending an existing hazardous substance tax exemption for certain agricultural crop protection products that are temporarily warehoused but not otherwise used, manufactured, packaged, or sold in the state of Washington.

Previously Filed As

WA HB2454

Extending an existing hazardous substance tax exemption for certain agricultural crop protection products that are temporarily warehoused but not otherwise used, manufactured, packaged, or sold in the state of Washington.

WA HB1729

Revised for 1st Substitute: Creating and expanding tax incentives for the research, development, deployment, production, and sale of hydrogen fuel products in Washington state.Original: Creating and expanding tax incentives for the research, development, production, and sale of hydrogen fuel products in Washington state.

WA SB5091

Revised for 2nd Substitute: Creating and expanding tax incentives for the research, development, production, and sale of hydrogen fuel products in Washington state.Original: Creating and expanding tax incentives for the research, development, production, and sale of hydrogen fuel cells in Washington state.

WA SB5341

Revised for Engrossed: Creating a location-based promotion program for Washington food and agricultural products.Original: Creating a location-based branding and promotion program for Washington food and agricultural products.

WA SB6051

Concerning manslaughter when certain controlled substances are sold that result in death of the user.

WA HB1603

Creating a location-based promotion program for Washington food and agricultural products.

WA HB1384

Providing tax exemption for the first 20,000 gallons of wine sold by a winery in Washington.

WA SB5054

Providing tax exemption for the first 20,000 gallons of wine sold by a winery in Washington.

WA SB6243

Providing a state business and occupation tax exemption to encourage clean technology manufacturing in Washington.

WA SB5601

Advancing the production and use of alternative jet fuels in Washington.

Similar Bills

No similar bills found.