HB2199 – Creating tax exemptions for amounts received through transactions involving the Climate Commitment Act’s allowances, offset credits, or price ceiling units.
Prime Sponsor – Representative Orcutt (R; 20th District; Kalama) (Co-Sponsors Fitzgibbon, Reed, Doglio, and Leavitt, Ds)
Current status – Had a hearing in the House Committee on Finance on January 23rd and passed out of committee January 30th. Referred to Rules.
Next step would be – Action by the Rules Committee.
Legislative tracking page for the bill.
Summary
The bill would exempt past and future amounts received from the receipt, generation, purchase, sale, transfer, or retirement of the Climate Commitment Act’s allowances, offset credits, or price ceiling units from the business & occupation tax and the public utility tax.