Washington creates, expands, and extends tax preferences
On June 30, 2013, Washington enacted S.B. 5882, which creates, expands, and extends tax preferences for certain activities. The enacted preferences include the creation of a B&O exemption for qualified payroll and human resource companies, the creation of a sales tax exemption for the sale of certain financial data, and a temporary B&O exemption for sales of certain dairy products. For businesses providing one of the noted products or services, a Washington tax preference may be available.