State tax changes on July 1

Several tax changes took effect July 1 following passage of Washington’s new state operating budget.

Tax preferences expiring July 1, 2015 are:

* The sales and use tax exemptions for machinery and equipment used directly for the retail sale of a biodiesel blend and E85 motor fuel and fuel delivery vehicles used to distribute such fuels.

* The business and occupation (B&O) tax exemption for credits against power contracts with, or amounts received from, the Bonneville Power Administration.

* The B&O deduction for the retail sale or distribution of biodiesel fuel and E85 motor fuel.

* The sales...