H-2058.3
HOUSE BILL 2199
State of Washington | 68th Legislature | 2024 Regular Session |
ByRepresentatives Orcutt, Fitzgibbon, Reed, Doglio, and Leavitt
Read first time 01/09/24.Referred to Committee on Finance.
AN ACT Relating to 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; adding a new section to chapter
82.04 RCW; adding a new section to chapter
82.16 RCW; creating a new section; providing an effective date; and declaring an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. A new section is added to chapter
82.04 RCW to read as follows:
(1) This chapter does not apply to amounts received from the receipt, generation, purchase, sale, transfer, or retirement of allowances, offset credits, or price ceiling units under chapter
70A.65 RCW.
(2) The provisions of RCW
82.32.805 and
82.32.808 do not apply to subsection (1) of this section.
NEW SECTION. Sec. 2. A new section is added to chapter
82.16 RCW to read as follows:
(1) This chapter does not apply to amounts received from the receipt, generation, purchase, sale, transfer, or retirement of allowances, offset credits, or price ceiling units under chapter
70A.65 RCW.
(2) The provisions of RCW
82.32.805 and
82.32.808 do not apply to subsection (1) of this section.
NEW SECTION. Sec. 3. This act applies both retrospectively and prospectively.
NEW SECTION. Sec. 4. This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect April 1, 2024.
--- END ---