It’s Day 36 of the legislative session. Momentum is building for a carbon tax, but the clock is running out to pass something in 60 days. The amended version of SB 6203 passed out of committee last week, and is scheduled for a committee hearing on February 14th.
Legislators have now taken the first significant step in passing a carbon tax. The substitute bill has been amended to expand exemptions for EITEs and creates a more modest price. You can read more about our analysis here. You can also learn more about the current bills by reviewing our carbon tax matrix.
Now is the time to remind your legislators to take action with a carbon tax that is effective, equitable, economically sound, evidence-based, and bipartisan.
Take action, and call your legislators
Before February 14, please call your senators. You can use Find My District to find your legislators. If you are new to calling, you can use our guide. To get started, here are the members of the Senate Ways and Means Committee, and their phone numbers. (more…)
A substitute version of SB 6203, the carbon tax proposal championed by Governor Inslee, passed out of the Senate Energy Environment and Technology Committee on February 1st. The substitute version is a significantly modified version of the original bill. It includes a reduced carbon tax rate, additional exemptions for various industries, new funding priorities for multi-modal transportation and rural economic development, as well as requirements for utilities, claiming credits, to eliminate carbon in the electric sector by 2050. Next, the bill moves to the Ways and Means committee, where it can be further modified. If it passes the Ways and Means committee, it will move to the floor of the Senate.
We are hopeful that this bill, even with the modifications, will move forward. In particular, we welcome the new focus on rural economic development and the provision requiring utilities to decarbonize by 2050, which ensures they are using the retained revenue to reduce their reliance on coal and natural gas. However, we are concerned that the lower price and additional exemptions will reduce the carbon reduction impact of the policy.
Carbon Washington therefore advocates returning to the original $20 per ton carbon price, removing the exemption for Transalta’s coal plant and reducing exemptions for non-EITE industries, as well as additional focus on low-income and middle-class financial support. Read on for a section-by-section breakdown of the bill. The table below also outlines the major changes between the original bill and the substitute. (more…)