US HB4283 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on December 17 2015 - 25% progression, died in committee
Action: 2015-12-17 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Consumers REBATE Act Consumers Rebate to ban Emissions and Boost AlTernative Energy Act This bill amends the Internal Revenue Code to impose as of January 1, 2017, an excise tax on the production or importation of a taxable carbon substance (i.e., coal, oil, and natural gas), payable by the producer, miner, or importer of such substance. The tax does not apply to exports of a taxable carbon substance. The bill requires the Department of the Treasury to: (1) impose carbon equivalency fees on imports of goods containing or produced using a taxable carbon substance; and (2) make quarterly payments, from the amounts deposited pursuant to imposition of the carbon excise tax, to lawful residents of the United States with a valid social security number.

Tracking Information

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Title

Consumers REBATE Act Consumers Rebate to ban Emissions and Boost AlTernative Energy Act

Sponsors


History

DateChamberAction
2015-12-17HouseReferred to the House Committee on Ways and Means.
2015-12-17HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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