Joe Turner writes about changes in the state's business resale certificate program in today's (Tacoma) News Tribune, something that AWB is watching closely for its members.
On Wednesday, Rob Rice from the Department of Revenue will address the AWB's Tax and Fiscal Policy Council for a preliminary stakeholder meeting on the new law, which is aimed at increasing sales tax compliance.
Starting in January, businesses that purchase items or services for resale or wholesale must have a valid seller's permit in order to avoid paying sales tax. The system will replace the current resale certificate program.
State officials estimate the change will bring in an additional $100 million in revenue.
But it will mark a significant shift.
Turner writes: "It's a huge change that will affect about 56,000 retailers and 19,000 wholesalers in Washington. Overall, some 190,000 businesses are going to be notified of the upcoming changes."
As part of the stakeholder group, AWB will work to make the transition as seamless as possible, said Amber Carter, government affairs director.
More information from the Department of Revenue is available here.
