Washington SB5804 creates a tax on light and power businesses to fund salmon habitat restoration in response to a federal court injunction.

SB5804 establishes a tax on light and power businesses to generate funds for salmon habitat restoration, addressing the federal court injunction in United States v. Washington. The tax revenue will be deposited into the federal injunction salmon habitat restoration account, which will be used exclusively for fish habitat restoration projects. The bill also authorizes the issuance of bonds to fund these projects, with proceeds deposited into the federal injunction salmon habitat bond retirement account for bond payments.

Washington SB5804 creates a tax on light and power businesses to fund salmon habitat restoration in response to a federal court injunction.

SB5804 establishes a tax on light and power businesses to generate funds for salmon habitat restoration, addressing the federal court injunction in United States v. Washington. The tax revenue will be deposited into the federal injunction salmon habitat restoration account, which will be used exclusively for fish habitat restoration projects. The bill also authorizes the issuance of bonds to fund these projects, with proceeds deposited into the federal injunction salmon habitat bond retirement account for bond payments.