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2015 Regular Session
Overview
At the request of:
Chief Sponsors:
Regular Sponsors: Revenue
Bill Title: Relating to climate protection; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
Catchline/Summary: Imposes fee on fossil fuel or fossil fuel-generated electricity to be paid by vendors.
Directs Public Utility Commission to calculate vendors' carbon emissions rate and provide assessments to vendors. Establishes Pollution Refund Credit Trust Fund. Distributes moneys collected from fee to personal income taxpayers and their dependents in equal shares. Appropriates moneys from General Fund to Department of Revenue and commission for purpose of funding first year of administration of fee. Applies to fossil fuels sold to consumers or used to produce electricity on or after January 1, 2016. Takes effect on 91st day following adjournment sine die.
Chapter Number:
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
Current Subcommittee:
Subsequent Referral(s):
Measure History
Scheduled Events