S-0287.1
SENATE BILL 5092
State of Washington
69th Legislature
2025 Regular Session
By Senators Boehnke, Chapman, Dozier, Krishnadasan, Muzzall, and Wagoner
Prefiled 12/20/24. Read first time 01/13/25. Referred to Committee on Agriculture & Natural Resources.
AN ACT Relating to a sales and use tax exemption for qualifying farm machinery and equipment; adding a new section to chapter 82.08 RCW; adding a new section to chapter 82.12 RCW; creating new sections; providing an effective date; and providing expiration dates.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. (1) The legislature finds that agriculture is a vital component of society and that United States agriculture has many problems that are increasing in severity. The legislature further finds that the country is relying on fewer and larger farms that are hundreds of miles away from many population centers and that the COVID-19 pandemic demonstrated how that can be dangerous, unsecure, and result in higher prices and empty shelves. The legislature further finds that the United States department of agriculture's national agricultural statistics indicates that the number of United States farms has been in steady decline for several decades with farmland consolidation into a smaller number of very large farms.
(2) The legislature intends to increase the competitiveness and financial stability of small and medium-sized agricultural producers located in the state of Washington that have an annual gross income of less than $2,000,000 by providing these agricultural producers a sales and use tax exemption that will reduce the cost of farm equipment valued above $10,000 used directly for crop production.