WA SB5932

Establishes July 1, 2031 as a guaranteed date when alternative jet fuel tax incentives become available, regardless of whether facilities reach the 20 million gallon annual production capacity threshold earlier

Provides a reduced business and occupation tax rate of 0.275% for manufacturing and selling alternative jet fuel, with the rate lasting nine years from when it takes effect

Creates tax credits of $1-$2 per gallon for alternative jet fuel manufacturers, sellers, and purchasers based on carbon intensity reductions (at least 50% less CO2 equivalent emissions than conventional jet fuel, with additional 2 cents per gallon for each 1% reduction beyond 50%)

Requires the Department of Ecology to apply carbon intensity values for electricity supplied to alternative jet fuel facilities based on the specific rate schedule, tariff, or power purchase agreement under which energy was purchased, applicable to program years 2026-2037

Prohibits claiming credits on facilities built on sites listed as historic cemeteries or tribal burial grounds, with verification required from the Department of Ecology within 60 days of application