Manufacturing alternative jet fuel

From the 2024 DOR Tax Exemption Study

82.04.287 - Alternative jet fuel Description Persons who manufacture, wholesale, and retail alternative jet fuel pay a preferential B&O tax rate of 0.275% rather than the manufacturer and wholesale B&O tax rate of 0.484% and the retailing B&O rate of 0.471%. Alternative jet fuel means fuel blended and used with conventional petroleum jet fuels without the need to modify aircraft engines. It also has a lower carbon intensity than the annual carbon intensity standard, and it does not include conventional jet fuel. The preferential rates become effective the first day of the quarter immediately following the month when the Department of Ecology notifies the department when one or more facilities are operating in Washington with a cumulative production capacity of at least 20 million gallons of alternative jet fuel each year. A person taking the preferential rates must file an annual tax performance report with the department. The preferential rates expire nine calendar years after the close of the calendar year in which the tax rates take effect. Purpose To encourage the production of alternative jet fuels in Washington. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 202