Encouraging renewable energy in Washington through tax policy and investment in local communities.

Summary

Starting Jan. 1, 2028, real and personal property used by qualified renewable‑energy facilities and battery‑electric storage systems is exempt from property tax, and owners of older projects can opt in for the exemption by paying a new excise tax. Counties may impose a semi‑annual renewable‑energy excise tax on such facilities, with the rate set by the bill, and the revenue is distributed back to the county and its taxing districts. The act also adds reporting, disclosure, and procedural rules to ensure transparency and protect taxpayer information.

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