Creating a sales and use tax exemption for bait purchased for commercial fishing.

SB 5259 exempts commercial fishing businesses from paying sales and use tax on bait purchased for their operations in Washington State. To qualify, businesses must provide a valid exemption certificate to sellers and apply for certification through the Department of Revenue. The exemption specifically applies to licensed commercial fishing businesses (excluding recreational fishing charters) and expires on January 1, 2037. This policy aims to provide equitable tax treatment for the commercial fishing industry, aligning it with similar sectors like commercial farming.