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Washington

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Yo_Mama_Been_Loggin

(126,580 posts)
Wed Feb 26, 2025, 06:07 PM Feb 2025

Are Washington lawmakers about to tax storage unit rentals? [View all]

Washington Democrats are looking at taxing storage units as a way to help bridge the state’s multibillion-dollar budget shortfall and raise new money for housing.

House Bill 1907 would redefine self-storage unit rentals as retail transactions subject to the state’s main business tax and sales and use tax. Storage rentals in Washington are now treated like an arrangement between a renter and a landlord, with neither the consumer nor the business paying these taxes.

By changing this to a retail sale, similar to buying an item at a store, consumers would pay sales tax with every payment for their storage unit. Washington’s sales tax is 6.5% at the state level and local taxes can bring it up to around 10%.

Estimates attached to the bill show it would raise about $57.6 million for the next two-year state budget and around $90 million in the two-year cycle after that. Those totals do not include local government revenue.

https://washingtonstatestandard.com/2025/02/25/are-washington-lawmakers-about-to-tax-storage-unit-rentals/

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