WA HB2723

Washington state currently has 786 tax exemptions for major state and local tax sources, and this bill removes several to increase general fund revenue for essential state services

Sales and use tax exemptions for gas distribution businesses claiming remittances for machinery and equipment used to produce compressed or liquefied natural gas as transportation fuel expire July 1, 2027 (accelerated from 2028)

Use tax exemptions for natural gas, compressed natural gas, and liquefied natural gas used as transportation fuel expire July 1, 2027

City use tax exemptions for natural gas used as transportation fuel expire July 1, 2027

Public utility tax exemptions for gas distribution business sales of compressed or liquefied natural gas for transportation fuel expire July 1, 2027, while exemptions for renewable natural gas remain in place