Washington state legislators have proposed a 10 percent tax on emissions credits sold by Tesla, which last year generated approximately $1.79 billion from this market. This measure is tied to the state's broader initiative to phase out gas-powered vehicles by 2035, allowing Tesla to benefit financially by selling credits to other automakers struggling to meet new regulations. While Democrats advocate for taxing these profits, Republicans have countered with a proposal to prohibit this tax, arguing it unfairly targets one entity.
Tesla could face a new tax on the emissions credits it sells to other automakers, proposed at 10 percent by Washington legislators as part of environmental regulations.
Economic opportunities arise from emissions credit markets, but legislators aim to tax windfall profits credited to firms generating electric vehicles while phasing out gas vehicles.
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