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2015 Regular Session
Overview
At the request of:
Chief Sponsors:
Regular Sponsors: Energy and Environment
Bill Title: Relating to climate protection; prescribing an effective date.
Catchline/Summary: Requires Environmental Quality Commission to adopt carbon cap-and-dividend program.
Establishes auction for allowances under program. Directs certain proceeds from allowances to be deposited in Pollution Refund Credit Trust Fund. Establishes Pollution Refund Credit Trust Fund. Distributes moneys collected from auction to personal income taxpayers and their dependents in equal shares. Appropriates moneys from General Fund to Department of Revenue and Environmental Quality Commission for purpose of establishing cap-and-dividend program and funding first year of auction. 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