Bill > HB1913

This bill is aimed at repealing the public utility tax credit for home energy assistance by eliminating RCW 82.16.0497, which previously allowed tax credits for light and power businesses and gas distribution businesses. The bill will remove the existing tax credit provision that was originally established in various legislative sessions (2001, 2006, and 2020), effectively ending a tax benefit that likely helped utility companies offset costs related to home energy assistance programs. The repeal is scheduled to take effect on January 1, 2026, which provides advance notice to affected businesses and allows time for adjustment to the new tax landscape. By removing this tax credit, the state will likely increase tax revenue from public utility businesses, though the specific financial impact is not detailed in the bill text.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=1913&Year=2025&Initiative=false