SB5309 – Eliminates the public utility tax exemption for the instate portion of interstate oil shipments.
Prime Sponsor – Senator Lovelett (D; 40th District; Anacortes) (Co-Sponsor Rolfes – D)
Current status – Had a hearing in the House Committee on Finance March 14th.
Next step would be – Action by the committee.
Legislative tracking page for the bill.

In the Senate –
Had a hearing in Ways and Means on January 24th, and passed out of committee February 16th. Referred to Rules, replaced by a striker, and passed by the Senate March 2nd.

Senate Striker –
This specified that these shipments don’t qualify for certain public utility tax deductions, provided a method for calculating the proportion of a company’s gross income from shipments that would be subject to the tax, and added some definitions and technical clarifications.

Summary –
The law currently exempts the gross income from certain interstate shipments of petroleum products and crude oil from the state public utility tax. The bill would eliminate that exemption for the in-state portion of those shipments.