- Washington Department of Revenue enacted Wash. Admin. Code § 458-20-18201 effective November 17, 2024
- Regulation provides criteria for limited retail sales and use tax exemptions for wholesalers, third-party warehousers, and retailers
- Exemptions apply to qualifying warehouses, grain elevators, and distribution centers on construction costs and equipment purchases
- Formula provided for calculating remittance or credit based on state share of sales tax or use tax paid
- Application and documentation for tax exemption remittance must be submitted quarterly
- Approved exempted amount will be sent to the business by the end of the following calendar quarter
Source: allynintl.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
