HB2322 provides tax credits for the production and use of low-carbon alternative jet fuel in Washington state.

HB2322 amends Washington tax laws to provide tax credits for the production and use of alternative jet fuel, which has at least 50% lower carbon dioxide emissions than conventional jet fuel. The bill allows credits for manufacturers and users of alternative jet fuel, with the credits increasing for fuels with greater carbon reductions. It requires the Department of Ecology to verify the carbon intensity of the fuel and to notify the Department of Revenue when facilities capable of producing at least 20 million gallons of alternative jet fuel annually are operating in the state.

HB2322 provides tax credits for the production and use of low-carbon alternative jet fuel in Washington state.

HB2322 amends Washington tax laws to provide tax credits for the production and use of alternative jet fuel, which has at least 50% lower carbon dioxide emissions than conventional jet fuel. The bill allows credits for manufacturers and users of alternative jet fuel, with the credits increasing for fuels with greater carbon reductions. It requires the Department of Ecology to verify the carbon intensity of the fuel and to notify the Department of Revenue when facilities capable of producing at least 20 million gallons of alternative jet fuel annually are operating in the state.