SB6240 – Providing the reduced B&O tax rate for producing alternative jet fuel to much smaller companies in distressed areas.
Prime Sponsor – Senator Warnick (R; 13th District; Moses Lake)
Current status – Had a hearing in the Senate Committee on Business, Financial Services, Gaming & Trade January 25th. Passed out of committee January 30th and referred to Ways & Means.
Next step would be – Scheduling a hearing.
Legislative tracking page for the bill.
HB2410 is a companion bill in the House.

Summary –
The bill would extend the current ten year reduced business and occupation tax rate for the production of alternative jet fuel to companies producing at least 500,000 gallons a year, if they were in economically distressed areas. (Currently, you have to produce at least 20 million gallons a year to get the special rate of 0.275 percent.) (Distressed areas are defined by a number of different measures of unemployment and income.)