Washington SB5024 provides a tax exemption for the first 20,000 gallons of wine sold by a winery in Washington.

Washington SB5024 amends the tax code to exempt the first 20,000 gallons of table wine or cider sold by a winery in a calendar year from certain taxes, except for taxes imposed for the Washington wine commission. This tax exemption aims to support small wineries, which face challenges entering and growing in the industry. The bill also mandates evaluations by the joint legislative audit and review committee to assess the impact of this tax preference on the number of wineries producing less than 20,000 gallons per year.

Washington SB5024 provides a tax exemption for the first 20,000 gallons of wine sold by a winery in Washington.

Washington SB5024 amends the tax code to exempt the first 20,000 gallons of table wine or cider sold by a winery in a calendar year from certain taxes, except for taxes imposed for the Washington wine commission. This tax exemption aims to support small wineries, which face challenges entering and growing in the industry. The bill also mandates evaluations by the joint legislative audit and review committee to assess the impact of this tax preference on the number of wineries producing less than 20,000 gallons per year.