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Bill to fund teachers would tax refineries’ waste fuel

Thu, Mar 6, 2014

OLYMPIA — Refineries in Skagit and Whatcom counties could feel a financial hit if a bill to repeal tax exemptions makes its way to the governor’s desk.

House Bill 2796, sponsored by Rep. Reuven Carlyle, D-Seattle, is aimed at closing four tax exemptions in favor of using the roughly $100 million in new revenue to fund cost-of-living adjustments for K-12 teachers in the state. The largest of those exemptions — on extracted fuel — allows oil refineries to avoid paying taxes on fuel they extract and reuse in their refining process.

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