Sightline Series

Big Oil's Accidental Tax Loophole

For nearly six decades, Washington State has given away hundreds of millions of dollars in tax revenue through an “accidental” loophole with no clear public policy objective. Giving away millions to the state’s oil industry every year is hard to understand. At a time when the state is facing budget shortfalls and is trying to cut emissions, subsidizing Big Oil simply doesn’t add up. It’s for the legislature to decide whether we’ll close this loophole to help shore up the state budget or continue this hidden handout to oil companies.

Posts on Big Oil's Accidental Tax Loophole

9. What Would Repealing an Accidental Tax Break Cost Oil Refineries?

Two new graphics on WA's tax giveaway to Big Oil.

8. What Big Oil’s Tax Break Costs Our Classrooms

A new motion graphic illustrates the loss.

7. Legislature Takes On Big Oil’s Accidental Tax Loophole

Video: Sightline argues tax giveaway to refineries should go to students instead.

6. What Closing Big Oil’s Tax Loophole Could Do For Kids

How the accidental tax loophole could pay for education.

5. WA House Closes the Accidental Tax Loophole

State close to shifting $41 million from big oil to kids.

4. The Accidental Tax Loophole Gets a Hearing

Big Oil tries to stall closure of its tax loophole.

3. Governor Inslee Closes Key Tax Loopholes

New state budget takes on special interests and polluters.

2. The Accidental Tax Loophole

Washington's unintentional $63 million gift to the oil industry.

1. Hog-Wild Loophole

Why Washington should kill the extracted fuel exemption.