WA SB5804

Authorizes up to $5 billion in special tax revenue bonds to fund fish habitat restoration and fish passage barrier removal projects required under the federal court injunction in United States v. Washington, with all debt service obligations ending by December 31, 2075

Imposes a new 2.01053% tax on light and power businesses dedicated exclusively to salmon habitat restoration, while reducing the existing public utility tax rate on these businesses from 3.62% to 1.741%

Creates two new state accounts: the federal injunction salmon habitat restoration account (for bond proceeds and project funding) and the federal injunction salmon habitat bond retirement account (for debt service payments)

Redirects solid waste collection taxes and portions of real estate excise taxes from the public works assistance account and education legacy trust account to the general fund

Includes a contingent expiration clause: bond-related provisions expire if the Washington State Supreme Court rules that these bonds must count toward the state's constitutional debt limit