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Creates a new tax on the carbon content of fossil fuels initially set at $15 per ton, rising to $25 per ton after 6 months, and increasing annually to a cap of $100 per ton. Reduces the Washington State Sales Tax 1% from 6.5% to 5.5%; Reduces the Business and Occupation Tax on Manufacturing Businesses in Washington State to .001%
Similarly, Initiative 1631 in 2018 would have enacted fees for large emitters based on the fossil fuels sold or used in the state, as well as electricity consumed in the state. Revenue from the fees would have gone into (1) a fund for air quality and energy programs and projects, (2) a fund for water quality and forest health projects, and (3 ...
Environmental advocates in Washington had previously attempted to pass carbon pricing measures. Washington Initiative 732, a "tax swap" proposal to levy a tax on carbon emissions and simultaneously reduce the state's sales tax, had appeared on the ballot in the 2016 election, but failed to pass. [8]
(The Center Square) - For years, Washington state officials have contemplated a road usage charge or per mile fee to replace the state gas tax, which is the primary transportation funding source ...
Washington carbon tax may refer to either of two ballot initiatives in Washington, United States that sought to introduce a carbon tax: 2016 Washington Initiative 732, a 2016 ballot initiative to levy a carbon tax and reduce the state sales tax; 2018 Washington Initiative 1631, a 2018 ballot initiative to levy a carbon tax and use the resulting ...
Washington state Democrats appeared to have accidentally emailed their sweeping revenue plans and internal talking points on tax hikes to the entirety of the upper chamber's members in Olympia ...
(The Center Square) - Senate Democrats are asking their peers to help “spread that tax policy love around” as they hope to close a $16 billion shortfall with new taxes in a leaked email on Friday.
Washington state has the fifth highest oil refining capacity of any state. As of 2018, there are 5 refineries in Washington state with a joint capacity of 637,700 b/d. [1] They are, in order of greatest b/d capacity, Cherry Point refinery, Puget Sound refinery, Marathon Anacortes refinery, Ferndale refinery and U.S. Oil refinery.