Concerning tax incentives for farmers.

 H-0052.1

HOUSE BILL 1019

State of Washington

69th Legislature

2025 Regular Session

By Representatives Shavers, Wylie, Kloba, Fosse, and Reeves

Prefiled 12/09/24. Read first time 01/13/25. Referred to Committee on Finance.

AN ACT Relating to tax incentives for farmers; adding a new section to chapter 82.04 RCW; creating a new section; and providing an expiration date.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1. A new section is added to chapter 82.04 RCW to read as follows:

(1) Beginning January 1, 2026, a credit is allowed against taxes due under this chapter for 25 percent of expenditures made in the previous year by a qualified farmer for the purchase of new equipment, infrastructure, seed, seedlings, spores, animal feed, and amendments.