2015 Regular Session
|At the request of:||(at the request of House Interim Committee on Revenue)|
|Bill Title:||Relating to carbon-based fuel; 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. Establishes Conservation Fund to fund energy conservation projects and subsidies for energy costs of low-income individuals. Distributes moneys collected from tax to Conservation Fund, unless other distribution required under Oregon Constitution. 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, 2017. 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|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|