Washington HB1995 modifies tax preferences and exemptions for various activities and products.

Washington HB1995 amends tax laws to redefine and adjust tax rates for specific activities and products. It includes exemptions for certain manufacturing processes, sales of timber and timber products, and activities such as golf, skiing, and snow sports. The bill also adjusts tax rates for commercial airplane manufacturing and processing, and modifies definitions related to "manufacturing" and "retail sale." Additionally, it sets tax rates for activities like travel agency services, and introduces new tax rates for certain business activities.

Washington HB1995 modifies tax preferences and exemptions for various activities and products.

Washington HB1995 amends tax laws to redefine and adjust tax rates for specific activities and products. It includes exemptions for certain manufacturing processes, sales of timber and timber products, and activities such as golf, skiing, and snow sports. The bill also adjusts tax rates for commercial airplane manufacturing and processing, and modifies definitions related to "manufacturing" and "retail sale." Additionally, it sets tax rates for activities like travel agency services, and introduces new tax rates for certain business activities.