Provides for the reduction of greenhouse gas emissions from large coal-fired electric power generation facilities.

Ensures appropriate cleanup and site restoration upon decommissioning of any facilities in the state.

Provides assistance to host communities planning for new economic development and mitigating the economic impacts of the closure of these facilities.

Requires the governor to: (1) Seek to enter into a memorandum of agreement with the owners of certain coal-fired electric generation facilities; and

(2) Create a coal-fired electric generation facility transition and decommissioning advisory board.

Requires owners of certain facilities to demonstrate during the facility's operation that sufficient funding will be available for closure and postclosure activities.

Requires the department of ecology to: (1) Adopt rules establishing requirements for the closure and postclosure of certain facilities; and

(2) Consult with the energy facility site evaluation council and the department of natural resources to harmonize the standards required under the rules.

Requires the community economic revitalization board and the public works board to solicit qualifying projects to plan, design, and construct public facilities and public works projects needed to attract new industrial and commercial activities in areas impacted by the closure or potential closure of certain facilities.

Creates the clean fuel transition community assistance account.

Eliminates the sales and use tax exemption for coal used at coal-fired thermal electric generation facilities.