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New Washington State Taxes - Will They Work?

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Published on Jun 16, 2010

Wednesday, June 9, 2010

Contact:
Jeffrey LaFrance, Professor of Agricultural and Resource Economics, School of Economic Science, 509-335-8521, jtlafrance@wsu.edu;
Adam Wallberg, Intern, WSU News Service, 509-335-0487, adam.wallberg@email.wsu.edu
WSU News Service, 509-335-3581, wsunews@wsu.edu


PULLMAN, Wash. - At the start of this month bottled water and candy are no longer exempt from Washington state's retail sales tax.

Washington State University Distinguished Professor of Agricultural and Resource Economics, Jeffrey LaFrance, has high hopes for the new candy taxes. He predicts that there will only be a .8 - 1.6 percent reduction in quantities purchased by the public due to the tax.
The taxes were implemented in an effort to make up for a shortfall the state is seeing in tax revenue. Other taxes also implemented along with the candy tax include cigarettes, increased by one dollar to $3.025 effective May 1, and soda, which will increase by $.02 per 12 oz. effective July 1.

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