Marijuana Farmers Lose Seattle Tax Exemption

Marijuana farmers will no longer be able to take the agricultural exemption from the Business and Occupation tax.

WASHINGTON:  The Seattle City Council moved to close a tax loophole that benefits the pot growing business Monday, but it left the loophole alone for all other farmers.

Councilmember Nick Licata said that Medical Marijuana Dispensaries are already paying a business tax, giving the city more than $100,000 a year. And he believes marijuana farmers should be treated the same way. He won a unanimous council vote to change the law so that marijuana farmers will no longer be treated the same as the growers of fruits and vegetables. Marijuana farmers will no longer be able to take the agricultural exemption from the Business and Occupation tax.

“All of these advocates in the marijuana business, growing business agree that they want to pay taxes,” Licata said.

Read full article @ KIRO

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