The local investment distribution account is created in the state treasury. All receipts from the state renewable energy excise tax imposed by RCW 82.96.040 must be deposited into the account. Expenditures from the account may be used for the local investment distributions contained in RCW 43.63A.770 and 43.63A.772.
[ 2026 c 260 s 116.]
Notes:
Intent—2026 c 260: See note following RCW 43.63A.770.
Tax preference performance statement exemption—Automatic expiration date exemption—2026 c 260: See note following RCW 82.96.040.
Effective date—2026 c 260: See note following RCW 82.96.005.