Signed by Governor Bob Ferguson

Vote Smart's Synopsis:

Vote to pass a bill that establishes new taxes for zero-emission vehicles, banked credits, and pooled credits in Washington.

Highlights:

• Establishes a new excise tax for zero-emission vehicles in Washington (Sec. 4). 

• Specifies that this tax only applies to credits from model year 2024 onward (Sec. 4). 

• Authorizes the Department of Ecology to calculate the amount of tax by each manufacturer owed under the provisions of this bill, beginning November 1, 2026 (Sec. 4). 

• Requires the department to notify the manufacturer of their tax liability for the most recent reporting year no later than January 31st of the immediately following calendar year (Sec. 4).

• Specifies that banked credits being held for future use shall be subject to a tax 10% of the average credit price (Sec. 4).

• Specifies that the provisions of this bill shall take effect immediately upon passage (Sec. 12). 

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that establishes new taxes for zero-emission vehicles, banked credits, and pooled credits in Washington.

Highlights:

• Establishes a new excise tax for zero-emission vehicles in Washington (Sec. 4). 

• Specifies that this tax only applies to credits from model year 2024 onward (Sec. 4). 

• Authorizes the Department of Ecology to calculate the amount of tax by each manufacturer owed under the provisions of this bill, beginning November 1, 2026 (Sec. 4). 

• Requires the department to notify the manufacturer of their tax liability for the most recent reporting year no later than January 31st of the immediately following calendar year (Sec. 4).

• Specifies that banked credits being held for future use shall be subject to a tax 10% of the average credit price (Sec. 4).

• Specifies that the provisions of this bill shall take effect immediately upon passage (Sec. 12). 

Full Bill Text