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WA HB2077
Bill
Status
Passed
5/20/2025
Primary Sponsor
Joe Fitzgibbon
Click for details
AI Summary
- Imposes excise tax on surplus zero-emission vehicle (ZEV) credits: 2% on credits sold to other manufacturers, and 10% annually on banked credits based on average market price
- Exempts manufacturers that bank or sell credits associated with fewer than 25,000 zero-emission or plug-in hybrid vehicles per model year from the tax
- Requires Department of Ecology to report ZEV credit transactions to Department of Revenue by October 31st annually, and manufacturers must report credit prices; individual transaction prices are exempt from public disclosure
- Distributes tax proceeds: 30% to electric vehicle incentive account, and 70% to state general fund until June 30, 2027, then to carbon emissions reduction account
- Effective May 20, 2025, applying retroactively to model year 2024 ZEV program implementation
Legislative Description
Establishing a tax on certain business activities related to surpluses generated under the zero-emission vehicle program.
Last Action
Effective date 5/20/2025.
5/20/2025
Committee Referrals
Rules4/25/2025
Ways & Means4/22/2025
Finance4/14/2025
Full Bill Text
No bill text available