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Committee hears HB 2711 substitute to clarify fuel‑tax indexing, luxury‑tax rules and create ‘Preserve Washington’ account
Summary
Staff described a proposed substitute to HB 2711 that addresses administrative issues from last year's transportation resources bill, clarifies allocation of inflation-indexed fuel‑tax components, aligns use‑tax bases for new luxury taxes, delays RTTO reimbursements, repeals a luxury aircraft tax in the substitute and establishes a Preserve Washington account for preservation and maintenance.
Committee staff presented the proposed substitute to House Bill 2711 on Feb. 23, positioning it as a follow‑up to last year’s transportation resources package (engrossed substitute Senate Bill 5801). The substitute responds to administrative concerns flagged by the Departments of Revenue and Licensing and the State Treasurer’s Office.
Staff summarized the substitute’s central elements: it clarifies that the inflationary component of fuel tax rate changes should be distributed following the same formula as the 6¢ and 9¢ motor and special fuel increases enacted previously; it aligns the use‑tax base with the sales‑tax base for new luxury taxes (vehicles, recreational vessels) so trade‑in value is treated consistently; and…
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