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Conference Tax Package2

Conference Tax Package2

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Published by Scott Frank

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Published by: Scott Frank on Apr 13, 2010
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04/13/2010

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$ in Millions2009-112011-13Notes
DescriptionPartEff.Date
0.30% B&O Tax Increase on All Services ExceptHospitals, Scientific R&D (Expires June 30, 2013)115/1/10$241.9 $483.1Includes permanent doubling of small business B&Ocredit and increase in reporting threshold forservice business from $28,000 to $46,667B&O Tax Increase on Direct Sellers 45/1/10$155.0 $199.4Dot Foods Court Case; Complete repeal of exemption as of May 1, 2010Cigarette and Other Tobacco Tax Increases(HB 2493)-5/1/10$101.4 $197.8$1.00 per pack for cigarettes; OTP from 75% to 95%of wholesale price, 65-cent cap for cigars, weight-based tax for moist snuff B&O Tax on Economic Income in WashingtonState (Nexus)16/1/10$84.7 $407.3Changes standard for applying B&O taxes fromphysical presence to economic presence; B&ODeduction for aircraft loans (Alask Airlines)50-cents per gallon (28-cents per six pack) BeerTax Increase (Expires June 30, 2013)136/1/10$59.0 $118.0Exempts microbrews (60,000 barrels or less peryear); Moves Washington from 18th highest to 4thhighest in the countrySales Tax on Bottled Water(Expires June 30, 2013)96/1/10$32.6 $69.2Provides a refund for tax paid on prescriptions andthose without an available source of potable water2-cent per 12-ounce Carbonated Beverage Tax(Expires June 30, 2013)147/1/10$33.5 $72.4Exempts carbonated bottled water; Exempts first$10 million of carbonated beverage salesSales Tax on Candy and Gum 96/1/10$30.5 $62.4Includes $1,000 B&O Tax Credit for In-State CandyManufacturers until July 2012; DOR must compile alist of candy that is taxable and not taxableTaxes on Business Structure Transactions25/1/10$8.5 $30.4Gives DOR authority to disregard certain businesstransactions or arrangements; Creates legislativecommittee to monitor implementation
Tax Package Overview - Conference Amendment to 2ESSB 6143/Other Legislation
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