5998-S.E AMH COUT TOUL 323
ESSB 5998 - H AMD TO H AMD (H-3714.1/26) 2116
By Representative Couture |
NOT ADOPTED 02/28/2026
On page 88, line 7, increase the general fund-state appropriation in fiscal year 2027 by $500,000
On page 88, line 20, correct the total.
On page 90, after line 32, insert the following:
"(15) $500,000 of the general fund-state appropriation for fiscal year 2027 is provided solely for the implementation of House Bill No. 2742 (sales tax holiday). If the bill is not enacted by June 30, 2026, the amount provided in this subsection shall lapse."
On page 517, after line 10, insert the following:
"Climate Investment Account: For transfer to the
state general fund, $384,000,000 for fiscal
year 2027$384,000,000"
On page 535, after line 34, insert the following:
"NEW SECTION. Sec. 924. RCW 70A.65.250 and 2025 c 424 s 973 are each amended to read as follows:
(1)(a) The climate investment account is created in the state treasury. Except as otherwise provided in chapter 316, Laws of 2021, all receipts from the auction of allowances authorized in this chapter must be deposited into the account. Moneys in the account may be spent only after appropriation.
(b) Projects or activities funded from the account must meet high labor standards, including family sustaining wages, providing benefits including health care and employer-contributed retirement plans, career development opportunities, and maximize access to economic benefits from such projects for local workers and diverse businesses. Each contracting entity's proposal must be reviewed for equity and opportunity improvement efforts, including: (i) Employer paid sick leave programs; (ii) pay practices in relation to living wage indicators such as the federal poverty level; (iii) efforts to evaluate pay equity based on gender identity, race, and other protected status under Washington law; (iv) facilitating career development opportunities, such as apprenticeship programs, internships, job-shadowing, and on-the-job training; and (v) employment assistance and employment barriers for justice affected individuals.
(2) Moneys in the account may be used only for projects and programs that achieve the purposes of the greenhouse gas emissions cap and invest program established under this chapter and for tribal capacity grants under RCW 70A.65.305. During the 2023-2025 fiscal biennium, moneys in the account may also be used for tribal capacity grant activities supporting climate resilience and adaptation, developing tribal clean energy projects, applying for state or federal grant funding, and other related work; and for providing payments to agricultural fuel purchasers. During the 2025-2027 fiscal biennium, moneys in the account may also be used for tribal capacity grant activities supporting climate resilience and adaptation, developing tribal clean energy projects, applying for state or federal grant funding, and other related work. Moneys in the account as described in this subsection must first be appropriated for the administration of the requirements of this chapter, in an amount not to exceed five percent of the total receipt of funds from allowance auction proceeds under this chapter. Beginning July 1, 2023, and annually thereafter, the state treasurer shall distribute funds in the account that exceed the amounts appropriated for the purposes of this subsection (2) as follows:
(a) Seventy-five percent of the moneys to the climate commitment account created in RCW 70A.65.260; and
(b) Twenty-five percent of the moneys to the natural climate solutions account created in RCW 70A.65.270.
(3) The allocations specified in subsection (2)(a) and (b) of this section must be reviewed by the legislature on a biennial basis based on the changing needs of the state in meeting its clean economy and greenhouse gas reduction goals in a timely, economically advantageous, and equitable manner.
(4) During the 2023-2025 and 2025-2027 fiscal biennia, the legislature may direct the state treasurer to make transfers of moneys in the climate investment account to the carbon emissions reduction account, the climate commitment account, the state general fund, and the natural climate solutions account."
Renumber the remaining sections consecutively and correct any internal references accordingly.
| EFFECT: Assumes implementation of House Bill No. 2742 (sales tax holiday), which removes the application of the sales and use tax on items $500 or less for the four days following Thanksgiving day each year and reduces 2025-2027 fiscal biennium NGF-O (funds subject to the outlook) resources by $200,000,000 and the 2027-2029 fiscal biennium NGF-O resources by $410,000,000. This legislation also reduces other fund revenues by $300,000 in the 2025-2027 fiscal biennium. Provides ongoing funding to the Department of Revenue for the implementation of House Bill No. 2742 (sales tax holiday). Transfers funds from the Climate Investment Account (CIA) to General Fund-State (GF-S). Amends the CIA statute to allow transfers to GF-S.
FISCAL IMPACT: Increases General Fund - State expenditures by $500,000.
Reduces Climate Investment Account - State fund balance by $384,000,000.
Increases NGF-O (funds subject to the outlook) resources by $184,000,000.
Decreases NGF-O (funds subject to the outlook) resources by $226,000,000
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