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JLARC finds alternative-fuel tax preferences coincide with EV growth but impact unclear
Summary
A JLARC review told the House Finance Committee that Washington’s eight tax preferences aimed at encouraging alternative-fuel vehicles have coincided with large increases in electric vehicles and chargers but that the preferences’ direct effect is unclear amid market and federal incentives.
The state’s Legislative Auditor told the House Finance Committee on Jan. 14 that eight tax preferences intended to increase alternative-fuel vehicle adoption in Washington have coincided with a large increase in alternative-fuel vehicles and charging infrastructure — but that the preferences’ direct impact remains unclear.
Pete Van Moorsel, staff to the Joint Legislative Audit and Review Committee (JLARC), said the eight preferences together are estimated to reduce state revenue by about $98 million in the current biennium and that the single largest preference is a sales-and-use-tax exemption for qualifying alternative-fuel vehicles that accounts for about $53 million of that total.
"The legislative auditor recommends that the legislature determine whether to continue these 8 tax preferences," Van Moorsel said. "The objective is…
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