Bill > HB1981

This bill creates a new local option tax specifically for counties to impose a 3% excise tax on the sale or transfer of renewable energy facilities, which can only be implemented after approval by a majority of voters in a general or special election. The bill's legislative findings highlight that wind and solar energy companies often generate substantial revenue in rural communities without adequately reinvesting locally, leading to economic challenges such as underfunded infrastructure and limited access to resources. By allowing counties to levy this tax, the legislature aims to create a more equitable distribution of economic benefits from renewable energy projects. The tax would be assessed on the seller of the renewable energy facility and the proceeds would be considered general county revenues. The bill defines "renewable energy" by referencing the existing definition in RCW 82.96.010 and is set to take effect on January 1, 2026. The tax is designed to provide rural communities with an additional revenue stream from renewable energy facilities, potentially supporting local economic development and infrastructure improvements.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=1981&Year=2025&Initiative=false