Pot Growers Denied Agricultural Tax Breaks In Wash.

Law360, New York (March 13, 2014, 1:48 PM EDT) -- Washington state lawmakers put a final nail in the coffin of marijuana cultivators' hopes that they would qualify for the state's agriculture-related tax breaks on Wednesday, passing legislation that delays tax benefits for the industry for 10 years.

The state's Senate voted 55 to 42 in passing S.B. 6505, which will increase tax revenues by approximately $2.7 million in fiscal year 2015 by denying agricultural tax benefits to growers of marijuana.

The bill's supporters have said that exemptions for the agricultural industry currently in Washington's tax...
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