WASHINGTON — Washington State lawmakers in the House and Senate have introduced legislation to create $3 billion of qualified forest conservation bonds that could be used to help spur public-private partnership financing of sustainable ecosystems.

Meanwhile, Sen. Richard Shelby, R-Ala., the ranking minority member on the Senate Banking Committee, has introduced a tax reform bill that would overhaul the current federal code and replace it with a 17% flat tax devoid of all tax credits.

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