HB 1316-S - DIGEST

(DIGEST OF PROPOSED 1ST SUBSTITUTE)

Declares an intent to replace a public utility tax system that automatically increases in a percentage equal to an increase in price with a system that the taxpayer controls through consumption.

Declares an intent to replace a public utility tax system that gives a competitive advantage to electricity providers outside the state of Washington with one that creates a more equitable tax base that is competitively fair.

Declares an intent to replace a utility tax system that gives a competitive advantage to some electricity providers inside the state of Washington with one that creates a more equitable tax system that is competitively fair.