HB2040

HB1981 – Creating a rebate program to compensate vehicle owners for increases in fuel costs due to the Climate Commitment Act.
Prime Sponsor – Representative Connors (R; 8th District; Benton & Franklin Counties) (Co-Sponsor Dye, R)
Current status – Referred to the House Committee on Environment & Energy.
Next step would be – Action by the committee.
Legislative tracking page for the bill.

Summary –
The bill would provide a rebate to compensate vehicle owners for increases in fuel costs due to the Climate Commitment Act. It would take any revenue from the Act between July 1, 2022 and June 30th 2024 that hadn’t been appropriated for other purposes by the Legislature in the 2022 and 2023 sessions and divide that by an estimate of the number of people expected to renew their vehicle licenses between July 1 2024 and June 30 2025 to calculate the amount of the rebate. The Department of Licensing would send each owner a check in the summer of 2024, accompanied by an explanation of the source of the funds. (Rebates would go to the owners of trucks, light vehicles, and a variety of other small vehicles like motorcycles. You’d get one rebate even if you owned more than one vehicle; you’d get the same rebate regardless of how much fuel you’d bought; and as I read the bill, owners of electric cars would also get rebates.)

Although the bill would only authorize the rebates in fiscal 2025, the findings declare the Legislature’s intention to continue the program if the Climate Commitment Act is not repealed by initiative in the November 2024 election. (Since the checks would arrive in the summer before that election, accompanied by an explanation of the source of the funds, they would presumably also remind people of the effect of the Climate Commitment Act on fuel prices.)