On page 6, after line 33, insert the following:

"NEW SECTION.  Sec. 107. A new section is added to chapter 84.55 RCW to read as follows:

Beginning with taxes levied for collection in calendar year 2028, the state and each taxing district that receives renewable energy excise tax revenues under sections 103 or 104 of this act must have its highest lawful levy under this chapter permanently reduced when a qualified renewable energy facility or battery electric storage system opts in pursuant to section 106 of this act. The amount of the reduction of the levy must be the amount of annual revenue that the department or the county treasurer estimates will be generated by the imposition of the state or local renewable energy excise tax imposed by sections 103 or 104 of this act."

Renumber the remaining sections consecutively and correct any internal references accordingly.