Washington HB1960 encourages renewable energy development through tax policy and local community investments.

Washington HB1960 introduces a renewable energy excise tax and establishes a local investment commitment matching grant program. The bill exempts personal property used for renewable energy generation and storage from property taxation. It imposes an annual excise tax on the use of renewable energy systems, with revenues allocated to a local community investment account. The Department of Revenue must provide matching grants to projects that meet specific criteria, including agreements with local governments for community investments.

Washington HB1960 encourages renewable energy development through tax policy and local community investments.

Washington HB1960 introduces a renewable energy excise tax and establishes a local investment commitment matching grant program. The bill exempts personal property used for renewable energy generation and storage from property taxation. It imposes an annual excise tax on the use of renewable energy systems, with revenues allocated to a local community investment account. The Department of Revenue must provide matching grants to projects that meet specific criteria, including agreements with local governments for community investments.