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WA HB1505

WA HB1505
Promoting the alternative jet fuel industry in Washington.


summary

Introduced
01/23/2023
In Committee
01/23/2023
Crossed Over
Passed
Dead
04/12/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

AN ACT Relating to promoting the alternative jet fuel industry in 2 Washington; amending RCW 70A.535.010, 43.330.565, and 43.330.570; 3 adding a new section to chapter 70A.65 RCW; adding a new section to 4 chapter 70A.535 RCW; adding a new section to chapter 28B.30 RCW; 5 adding new sections to chapter 82.04 RCW; adding a new section to 6 chapter 82.16 RCW; creating new sections; providing effective dates; 7 providing an expiration date; and declaring an emergency. 8

AI Summary

This bill aims to promote the alternative jet fuel industry in Washington. It does this by: 1. Defining "alternative jet fuel" in the state's clean fuels program, allowing the Department of Ecology to establish carbon intensity pathways for these fuels, and requiring the department to notify the Department of Revenue when a facility capable of producing at least 20 million gallons of alternative jet fuel per year is operational in the state. 2. Establishing a new alternative jet fuels work group at Washington State University to further the development of this industry in the state. 3. Amending the purpose of the statewide office of renewable fuels to include furthering the development and use of alternative jet fuels. 4. Providing tax preferences, including a reduced business and occupation tax rate and tax credits, for the manufacturing and use of alternative jet fuels that have at least 50% less carbon dioxide emissions than conventional jet fuel. These tax incentives are intended to encourage the production and use of these cleaner aviation fuels. Overall, the bill aims to support the growth and competitiveness of the alternative jet fuel industry in Washington through a combination of regulatory changes, industry coordination, and targeted tax relief.

Committee Categories

Agriculture and Natural Resources

Sponsors (28)

Last Action

By resolution, reintroduced and retained in present status. (on 01/08/2024)

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