2013 Regular Session
|At the request of:|
|Bill Title:||Relating to carbon tax; appropriating money; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.|
Imposes tax on each fuel supplier and utility based on amount of carbon in carbon-based fuel that is sold by fuel supplier to consumers in state or that is used to produce carbon-generated electricity supplied by utility to consumers in state.
Limits tax on certain oil and natural gas to six percent of market value of oil or natural gas. Distributes moneys collected from tax to State Highway Fund, Common School Fund, Energy Crisis Trust Fund and Renewable Energy Resources Account. Creates Renewable Energy Resources Account to fund development of renewable energy resources. Appropriates moneys from General Fund to Department of Revenue and State Department of Energy for purpose of funding first year of administration of tax. Applies to carbon-based fuel sold to consumers or used to produce carbon-generated electricity on or after January 1, 2015. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Energy and Environment|