2SHB 1975 — Amending the climate commitment act by adjusting auction price containment mechanisms and ceiling prices, addressing the department of ecology's authority to amend rules to facilitate linkage with other jurisdictions, and providing for market dynamic analysis.

What this bill does

Amends price containment mechanisms related to the Climate Commitment Act (CCA) allowance markets, including by amending the allowance price containment reserve and the price ceiling. Requires the Department of Ecology to provide analysis and forecasts of the CCA allowance and offset credit markets.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

Floor votes

• House — 3rd Reading & Final Passage · March 10, 2025
  84 yea · 11 nay · 3 not voting
• House — Final Passage as Amended by the Senate · April 22, 2025
  83 yea · 13 nay · 2 not voting
• Senate — 3rd Reading & Final Passage as Amended by the Senate · April 15, 2025
  45 yea · 3 nay · 1 not voting

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Other bills sponsored by Fitzgibbon

• 2SHB 1409 — Concerning the clean fuels program.
• ESHB 2061 — Regarding concession fees by duty-free sales enterprises.
• SHB 2077 — Establishing a tax on certain business activities related to surpluses generated under the zero-emission vehicle program.
• ESHB 2081 — Modifying business and occupation tax surcharges, rates, and the advanced computing surcharge cap, clarifying the business and occupation tax deduction for certain investments, and creating a temporary business and occupation tax surcharge on large companies.
• SHB 2123 — Concerning foreign national participation in Washington state elections.