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JLARC: Public-utility tax credit for home energy assistance reimburses shrinking share of aid; Commerce recommends termination
Summary
JLARC found utilities provided more low-income energy assistance but the $2.5 million capped public-utility tax credit reimburses a smaller and declining share of that assistance; Department of Commerce recommended ending the preference and pursuing a comprehensive statewide approach.
The Joint Legislative Audit and Review Committee reported that Washington utilities increased home energy assistance to low-income customers while a state public-utility tax credit that reimburses up to 50% of such assistance pays a shrinking portion of those costs and likely does not drive utility assistance decisions.
Pete Van Moorsil, staff to JLARC, said the public-utility tax credit reimburses up to 50% of energy assistance utilities provide to low-income customers, but the total credit is capped at $2,500,000 per year and is allocated by the Department of Revenue to about 60 utilities in proportion to federal…
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