2015 Regular Session
|At the request of:|
|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.
|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|