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WA HB1994

WA HB1994
Encouraging local support of communities that host renewable energy through changes in tax policy.


summary

Introduced
02/18/2025
In Committee
02/18/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT Relating to encouraging local support of communities that 2 host renewable energy through changes in tax policy; adding a new 3 chapter to Title 82 RCW; and declaring an emergency. 4

AI Summary

This bill allows counties to impose a localized excise tax on large-scale renewable energy facilities through a voter-approved ballot measure. The tax would be applied based on the nameplate capacity (total electrical output) of industrial-scale renewable energy facilities, with specific rates for different types of facilities and operational years: solar facilities would be taxed at $4,000-$4,500 per megawatt, wind energy facilities would be taxed at rates ranging from $800 to $6,300 per megawatt depending on the year of operation, and battery energy storage facilities would be taxed at $1,500 per megawatt hour. To be considered an "industrial-scale" facility, the renewable energy project must have a nameplate capacity of 50 megawatts or more. The tax would be automatically adjusted annually for inflation based on the Seattle area consumer price index, would be limited to a maximum of 30 years, and would require voter reauthorization. The bill is designed to provide local communities hosting large renewable energy projects with a mechanism to generate additional revenue, and it takes effect immediately upon passage.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

First reading, referred to Finance. (on 02/18/2025)

bill text


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