Washington HB2584 provides a sales and use tax exemption for qualifying farm machinery and equipment for eligible farmers.

Washington HB2584 creates a sales and use tax exemption for qualifying farm machinery and equipment for eligible farmers. To qualify, the equipment must have a sales price of $10,000 or more and the farmer's gross sales or harvested value must not exceed $2,000,000. The exemption applies to sales or uses occurring on or after October 1, 2026, and expires on October 1, 2036. The joint legislative audit and review committee must evaluate the fiscal impact of the exemptions and changes in the number of small and seller's files by January 1, 2035.

Washington HB2584 provides a sales and use tax exemption for qualifying farm machinery and equipment for eligible farmers.

Washington HB2584 creates a sales and use tax exemption for qualifying farm machinery and equipment for eligible farmers. To qualify, the equipment must have a sales price of $10,000 or more and the farmer's gross sales or harvested value must not exceed $2,000,000. The exemption applies to sales or uses occurring on or after October 1, 2026, and expires on October 1, 2036. The joint legislative audit and review committee must evaluate the fiscal impact of the exemptions and changes in the number of small and seller's files by January 1, 2035.