The bill aims to promote the production and utilization of alternative jet fuels in Washington State by amending existing laws and introducing new provisions. It establishes a competitive grant program to support the infrastructure necessary for alternative jet fuel, including research and development. The Office is tasked with coordinating with various stakeholders, such as tribes and local governments, to foster collaboration in the renewable fuels sector. Additionally, the Department of Ecology is required to prepare nonproject environmental impact statements for clean energy projects, including those related to alternative jet fuel production, and to engage with affected tribes and communities.

Furthermore, the bill introduces new definitions and tax exemptions for the manufacturing and blending of alternative jet fuel. It defines terms such as "operationally complete," "qualified buildings," and "qualified machinery and equipment," which determine eligibility for tax deferrals. Leasehold interests in properties primarily used for alternative jet fuel manufacturing are exempt from state property and leasehold taxes for ten assessment years, contingent on meeting specific carbon emissions criteria. The bill also mandates a review by the joint legislative audit and review committee to evaluate the impact of these tax preferences on alternative jet fuel production, pollution levels, and economic growth, with a focus on racial equity in air travel-related pollution. The provisions are set to expire on December 31, 2043.

Statutes affected:
Original Bill: 43.330.570, 43.21C.535, 82.89.010