Notice of Introduction for House Bill 1513 - Update: 10 Year Analysis Complete

Office of Financial Management

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HB 1513, titled AN ACT Relating to improving environmental health by reducing carbon emissions through increasing climate resilience and mitigating the effects of climate change by levying a carbon pollution tax, authorizing a climate finance bond program, and investing in clean economic growth, has been introduced in the House of Representatives. The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.

Ten-year projection:

Fiscal
Year

   carbon pollution tax

 

2022

$

2023

655,100,000

2024

1,639,100,000

2025

1,756,000,000

2026

1,833,500,000

2027

1,937,200,000

2028

2,042,100,000

2029

2,163,200,000

2030

2,295,100,000

2031

2,426,500,000

 

Total:

$ 16,747,800,000





Department of Licensing:

Sec.3 adds an additional tax on greenhouse gas emissions of $25 per ton of emitted carbon beginning January 1, 2023 and increasing 5% in each following year. DOR will be responsible for the collection of this tax. Therefore, there in no direct carbon revenue impact. DOL collects revenue from existing fuel taxes. DOL assumes that increased fuel prices resulting from the carbon tax will decrease total sales of transportation fuels in the state and result in an indeterminate decrease in collected fuel taxes.

 



Ten-year projection prepared in consultation with the following agencies:

Department of Revenue
Department of Licensing


Bill sponsors and contact information:

Representative Debra Lekanoff, Prime Sponsor
Democrat
(360) 419-5266
LEKANOFF_DE@leg.wa.gov

Representative Sharon Shewmake
Democrat
(360) 746-6939
sharon.shewmake@leg.wa.gov

Representative Emily Wicks
Democrat
(425) 903-8186
WICKS_EM@leg.wa.gov

Representative Javier Valdez
Democrat
(206) 905-8739
javier.valdez@leg.wa.gov

Representative My-Linh Thai
Democrat
(206) 333-4107
THAI_MY@leg.wa.gov

Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov

Representative Strom Peterson
Democrat
(564) 888-2336
strom.peterson@leg.wa.gov

Representative Laurie Dolan
Democrat
(360) 786-7940
Laurie.Dolan@leg.wa.gov

Representative Roger Goodman
Democrat
(360) 786-7878
roger.goodman@leg.wa.gov

Representative Jamila Taylor
Democrat
(360) 868-6290
Jamila.Taylor@leg.wa.gov

Representative Shelley Kloba
Democrat
(564) 888-2377
shelley.kloba@leg.wa.gov

Representative Vandana Slatter
Democrat
(425) 458-7240
vandana.slatter@leg.wa.gov

Representative Noel Frame
Democrat
(206) 962-5098
noel.frame@leg.wa.gov

Representative David Hackney
Democrat
(206) 490-0914
David.Hackney@leg.wa.gov

Representative Sharon Wylie
Democrat
(360) 786-7924
Sharon.Wylie@leg.wa.gov

Representative Gerry Pollet
Democrat
(206) 307-0409
gerry.pollet@leg.wa.gov

Representative Kirsten Harris-Talley
Democrat
(206) 971-1222
Kirsten.Harris-Talley@leg.wa.gov




Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp