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