Relating to revenue (Rossi)

Addresses revenue provisions as follows: (1) Provides
tax credits to businesses in main street communities;
(2) Creates a business and occupation tax exemption for
agricultural fertilizer and seed;
(3) Extends preferential business and occupation tax
rates for manufacturers and wholesalers of specific solar
energy material and parts and for manufacturers and
processors for hire of semiconductor materials;
(4) Extends preferential sales and use tax rates for
gases and chemicals used in the production of semiconductor
(5) Provides a public utility tax credit, a business and
occupation tax credit, and an exemption from the brokered
natural gas use tax for silicon smelters;
(6) Extends the sales tax deferral on construction and
expenditure costs of up to two new manufacturing facilities
per calendar year;
(7) Extends the sales and use tax deferral for
historical auto museums;
(8) Exempts land removed from the designated forest land
program, due to certain natural disasters, from payment of
compensating taxes;
(9) Increases the business and occupation tax credit for
qualifying activities to attract additional motion picture
and film projects;
(10) Exempts martial arts from retail sales taxes and
makes it subject to service and other business and occupation
(11) Provides a leasehold excise tax credit to the
University of Washington and Washington State University; and
(12) Provides a leasehold excise tax exemption for
certain leasehold interests in facilities owned or used by
community or technical colleges.
July 7, 2017
To the Honorable President and Members,
The Senate of the State of Washington
Ladies and Gentlemen:
I am returning herewith, without my approval as to Sections
201-205 and 601-606, Substitute Senate Bill No. 5977

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