WA HB2322

Establishes July 1, 2031 as a guaranteed date for alternative jet fuel tax incentives to take effect, or earlier if Washington facilities reach 20 million gallons annual production capacity

Sets a reduced business and occupation tax rate of 0.275% for manufacturing and selling alternative jet fuel, lasting nine years from the effective date

Creates tax credits of $1 to $2 per gallon for alternative jet fuel with at least 50% lower carbon dioxide emissions than conventional jet fuel, with the credit increasing 2 cents per additional 1% emissions reduction beyond 50%

Requires the Department of Ecology to apply carbon intensity values for electricity based on the specific rate schedule, tariff, or power purchase agreement used by alternative jet fuel manufacturers, rather than default utility values

Limits manufacturing tax credits to facilities in counties with populations under 650,000 and requires contract pricing to consumers reflect the per-gallon credit amount