Tesla faces emission credits tax in Washington state

Tesla faces emission credits tax in Washington state

Washington state lawmakers are advancing a bill that would tax Tesla’s emission credits, targeting profits under the state’s clean vehicle policy. Lawmakers who support the bill clarify that the Tesla credit tax is unrelated to Elon Musk. HB 2077, introduced in mid-April, seeks to impose a 2% tax on emission credit sales and a 10% tax on banked credits. The bill primarily affects Tesla due to exemptions for companies with fewer credits. In 2022,…

WA Legislature considers new tax aimed at Elon Musk’s Tesla

Washington Democrats in the Legislature are mulling a tax aimed primarily at Tesla amid national protests against the DOGE-leading billionaire.

WA Legislature considers new tax aimed at Elon Musk's Tesla

As they cast about for new taxes to help fill a multibillion-dollar budget hole, Democratic lawmakers in Olympia have turned to a politically convenient target: Tesla, the electric-car maker run by billionaire Elon Musk.A bill advancing in the Legislature would apply a new tax on lucrative emission credits Tesla has banked under a state policy phasing out sales of new gas-powered cars by 2035.Backers say House Bill 2077 would claw back millions …

Springtime in Olympia: Politically Charged Votes

In a move likely to prove popular with Elon Musk haters, House Democrats passed a tax on the sale of zero-emission vehicle credits, which will fall almost entirely on Tesla in the short term.