Bill
HB 2199
Creating business and occupation and public utility tax exemptions for certain amounts received as the result of receipt, generation, purchase, sale, transfer, or retirement of allowances, offset credits, or price ceiling units under the climate commitment act.
2023-2024 Regular Session
Introduced by Beth Doglio and 4 co-sponsors
Washington exempts carbon allowance and offset credit transactions from business and occupation and utility taxes, reducing compliance costs for climate market participants starting April 2024.
Effective date 4/1/2024.