Is Environmental Tax Incentives always the answer?
Washington SB 6170 is fraught with governmental waste, as it seeks to do what the Federal Department of Energy is already mandated to carry out and federal programs have essentially been resolving: cleaning up radioactive waste and other by-products of weapons production and nuclear energy generation. The bill will like to give tax write offs for investors who put money in handling, storing, treating, immobilizing or disposing radioactive tank waste to prevent contamination of soil and ground water. Does it make sense for taxpayers to be paying environmental management companies who are providing clean-up services for radio-active waste clean up? Yes it is worthwhile to have a progressive idea, but introducing an environmental protection instrument or behavioral modification initiative that encourages transfer payments to enterprises that are essentially duplicating the federal government efforts, is probably not a good deal for the millions of tax payers in Washington State.