Z-0627.1
HOUSE BILL 2707
State of Washington
69th Legislature
2026 Regular Session
By Representatives Berg, Street, Gregerson, Pollet, and Ormsby; by request of Office of Financial Management
Read first time 01/30/26. Referred to Committee on Finance.
AN ACT Relating to removing a tax exemption for the warehousing and reselling of prescription drugs; reenacting and amending RCW 82.04.280 ; creating a new section; repealing RCW 82.04.272 ; and providing an effective date.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. The legislature finds that, according to the most recent tax exemption study published by the department of revenue, there are currently 786 tax exemptions for the major state and local tax sources in Washington. A number of these tax exemptions have been unchanged in law for a long time and exist as the result of private interests securing preferential tax treatment. Furthermore, the legislature finds that the state's tax code must be periodically reviewed and updated to ensure that tax policy reflects our modern economy and provides adequate revenue to fund necessary and essential services to support the well-being of Washingtonians. Thus, it is the intent of the legislature to remove a tax preference in order to increase revenue to the state's general fund to maintain essential state services.
Sec. 2. RCW 82.04.280 and 2025 c 423 s 202, 2025 c 420 s 107, and 2025 c 9 s 2 are each reenacted and amended to read as follows: