RCW 82.16.184
Credit—Community solar projects. (Expires June 30, 2038.)
(1) Beginning July 1, 2022, a light and power business is allowed a credit against taxes due under this chapter in an amount equal to incentive payments made in any fiscal year under RCW 82.16.183.
(2) The credits must be taken in a form and manner as required by the department. The credit taken under this section for the fiscal year may not exceed 1.5 percent of the business's taxable Washington power sales generated in calendar year 2014 and due under RCW 82.16.020(1)(b) or $250,000, whichever is greater, for incentive payments made for community solar projects that submit an application for precertification under RCW 82.16.183 on or after July 1, 2022, and that are certified for an incentive payment in accordance with the terms of that precertification by June 30, 2033.
(3) The credit may not exceed the tax that would otherwise be due under this chapter. Refunds may not be granted in the place of credits.
(4) For any business that has claimed credit for amounts that exceed the correct amount of the incentive payable under RCW 82.16.183, the amount of tax against which credit was claimed for the excess payments is immediately due and payable. The department may deduct amounts from future credits claimed by the business.
(a) Except as provided in (b) of this subsection, the department must assess interest but not penalties on the taxes against which the credit was claimed. Interest may be assessed at the rate provided for delinquent excise taxes under chapter 82.32 RCW, retroactively to the date the credit was claimed, and accrues until the taxes against which the credit was claimed are repaid.
(b) A business is not liable for excess payments made in reliance on amounts reported by the Washington State University extension energy program as due and payable as provided under RCW 82.16.183, if such amounts are later found to be abnormal or inaccurate due to no fault of the business.
(5) The amount of credit taken under this section is not confidential taxpayer information under RCW 82.32.330 and is subject to disclosure.
(6) The right to earn tax credits for incentive payments made under RCW 82.16.183 expires June 30, 2036. Credits may not be claimed under this section after June 30, 2037.
(7) This section expires June 30, 2038.
[ 2022 c 212 § 3.]
NOTES:
Findings—Intent—Tax preference performance statement exemption—Effective date—2022 c 212: See notes following RCW 82.16.183.
Structure Revised Code of Washington
Chapter 82.16 - Public Utility Tax.
82.16.020 - Public utility tax imposed—Additional tax imposed—Deposit of moneys.
82.16.023 - Tax preferences—Expiration dates.
82.16.030 - Taxable under each schedule if within its purview.
82.16.0421 - Exemptions—Sales to electrolytic processing businesses.
82.16.045 - Exemptions and credits—Pollution control facilities.
82.16.046 - Exemptions—Operation of state route No. 16.
82.16.047 - Exemptions—Ride sharing.
82.16.0491 - Credit—Contributions to an electric utility rural economic development revolving fund.
82.16.0495 - Credit—Electricity sold to a direct service industrial customer.
82.16.0497 - Credit—Light and power business, gas distribution business.
82.16.0498 - Credit—Sales of electricity or gas to an aluminum smelter.
82.16.0499 - Credit—Businesses that hire veterans.
82.16.050 - Deductions in computing tax.
82.16.053 - Deductions in computing tax—Light and power businesses.
82.16.055 - Deductions relating to energy conservation or production from renewable resources.
82.16.060 - May be taxed under other chapters.
82.16.100 - Solid waste business not subject to chapter.
82.16.110 - Renewable energy system cost recovery—Definitions.
82.16.130 - Renewable energy system cost recovery—Light/power business tax credit.
82.16.150 - Light and power business—Liability.
82.16.160 - Definitions—Renewable energy tax incentives.
82.16.165 - Annual production incentive certification.
82.16.175 - Shared commercial solar projects—Organization and administration.
82.16.180 - Solar modules—Sale and installation tax incentives.
82.16.182 - Community solar projects—Definitions.
82.16.183 - Community solar projects.
82.16.184 - Credit—Community solar projects.
82.16.185 - Credit—State energy performance standard—Early adoption incentive program.
82.16.305 - Exemptions—Joint municipal utility services authorities.
82.16.310 - Exemptions—Sales by a gas distribution business.
82.16.315 - Exemptions—Sales of electricity or gas to silicon smelters.
82.16.320 - Exemptions—Qualifying grants—National emergency or state of emergency.