H-4266.1 _______________________________________________
HOUSE BILL 2831
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State of Washington 54th Legislature 1996 Regular Session
By Representatives Mitchell, Hymes, Sheldon, Costa, Patterson, Boldt, Chopp and Quall
Read first time 01/22/96. Referred to Committee on Finance.
AN ACT Relating to public utility tax credits for weatherization and energy assistance programs; adding a new section to chapter 82.16 RCW; and providing an effective date.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. A new section is added to chapter 82.16 RCW to read as follows:
A light and power business or gas distribution business shall be allowed a credit against the tax imposed under this chapter for grants for low-income energy-related programs to nonprofit organizations that had a contractual agreement with the department of community, trade, and economic development on October 1, 1993, to provide low-income energy-related programs. The credit authorized in this section is allowed only to the extent that the grants in the year for low-income energy-related programs are greater than the grants made by the business in calendar year 1995 for low-income energy-related programs. No credit for grants to a nonprofit organization may exceed forty percent of the moneys allotted to the organization in federal fiscal year 1994 under the department of community, trade, and economic development low-income home energy assistance program and United States department of energy programs. No credit may be carried over to subsequent tax years.
As used in this section, "low-income energy-related programs" means weatherization and energy assistance programs, including residential energy conservation and related repair, consumer education, and assistance in the payment of heating bills, for low-income households.
NEW SECTION. Sec. 2. This act shall take effect July 1, 1996.
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