HB 18-8: Amendment to the Carbon Tax Act (Passed)

[Esteemed Jimmy]

Amendment to the Carbon Tax Act

AN ACT OF CONGRESS
To impose a tax on the burning of carbon-based fuels, and to incentivize minimizing carbon emissions through conservation, substitution, and innovation


Be it enacted by the Congress of the Republic of Atlasia assembled;

SECTION 1. TITLE

This legislation may be cited as the Carbon Tax Act.

SECTION 2. FINDINGS

Whereby the Congress of the Republic of Atlasia hereby acknowledges:

That increasing levels of CO2 in the Earth's atmosphere are destabilizing established climate patterns and damaging ecosystems;

That rapid reductions in Atlasia's and other nations' carbon emissions are essential to avoid runaway climate destabilization and minimize severe weather events, inundation of coastal cities, spread of diseases, loss of forests, failure of agriculture and water supply, infrastructure destruction, forced migrations, political upheavals, and international conflict;

Current prices of electricity, gasoline, and other fuels reflect little or none of the long-term costs from climate change or even near-term health costs of burning fossil fuels, and this suppresses incentives to develop and deploy carbon-reducing measures such as energy efficiency

SECTION 3. TAX RATES

Following are tax rates consistent with charging $50.00 per ton of carbon (not carbon dioxide) emitted.
 Consistent with the intent of phasing this level in over a five-year period, the rates for years 1 through 4 will be calculated by multiplying the rates in the table by 20%, 40%, 60% and 80%, respectively.

All rates are expressed in dollars per million Btu of fuel.

---
Bituminous coal ----- $1.40
Subbituminous coal - $1.45
Lignite ----------------- $1.47
Crude Oil -------------- $1.12
Gasoline --------------- $1.07
Residual Fuel Oil ----- $1.18
Natural Gas ----------- $0.80
---

SECTION 4. REBATES FOR CO2 CONTROL

Paying entities may be eligible for a partial or total rebate of the tax payments if the paying entity can prove that some or all of the carbon dioxide emissions will be kept from entering the Earth's atmosphere for millennia.

SECTION 5. EQUAL DISTRIBUTION OF FEDERAL REVENUES TO ATLASIAN CITIZENS (GREEN CHECKS)

1. 70 30% of revenues generated by the carbon tax shall be distributed on an equal basis to all Atlasian households on a quarterly time basis via cheque, which shall henceforth be referred to as "green checks."

2. 30% of revenues generated by the carbon tax shall be used to cover the costs of the Renewable Energy Rebate and Subsidy Act.

3. 10% of revenues generated by the carbon tax shall be used to fund federal grants for research and development to discover and implement new renewable energy sources and improve on existing sources.

4. 15% of the revenues generated by the carbon tax shall be used to aid in reducing our national deficit.

5. 15% of the revenues generated by the carbon tax shall be used to provide additional funding for the National Oceanic and Atmospheric Administration (NOAA), with no less than 33% of this funding being reserved for the National Weather Service (NWS)


SECTION 6. BORDER CARBON TAX ADJUSTMENT

Goods imported from countries without a carbon tax will be subject to a tax on their value upon importation equal to the cost of Atlasia's carbon tax for the amount of carbon involved in the production of the product.

This amendment is intended to redistribute how we spent the revenues generated by the carbon tax, and allow for funding towards new research in renewable energy and deficit reduction.

People's House of Representatives
Passed in the House of Representatives 7-1-0-1

Sponsor: fhtagn
House Designation: HB 18-8

[Esteemed Jimmy]

HB 18-8 is now on the House floor. Debate on this legislation has begun and shall last for no less than 72 hours.

[Esteemed Jimmy]

A vote on whether to table this bill has begun. Please vote AYE, NAY, or ABSTAIN. A two-thirds majority is needed.

[Esteemed Jimmy]

Nay

[Esteemed Jimmy]

I don't support reducing the amount of money people receive in their "green checks".

[Esteemed Jimmy]

The motion to table this bill fails 2-5.

[Esteemed Jimmy]

All silly shenanigans being done and over with, if no one else has any questions/concerns, I'll go ahead and motion for a final vote.

Representatives have 24 hours for objections.

[Esteemed Jimmy]

A final vote has begun on this bill. Please vote AYE, NAY, or ABSTAIN.

Amendment to the Carbon Tax Act

AN ACT OF CONGRESS
To impose a tax on the burning of carbon-based fuels, and to incentivize minimizing carbon emissions through conservation, substitution, and innovation


Be it enacted by the Congress of the Republic of Atlasia assembled;

SECTION 1. TITLE

This legislation may be cited as the Carbon Tax Act.

SECTION 2. FINDINGS

Whereby the Congress of the Republic of Atlasia hereby acknowledges:

That increasing levels of CO2 in the Earth's atmosphere are destabilizing established climate patterns and damaging ecosystems;

That rapid reductions in Atlasia's and other nations' carbon emissions are essential to avoid runaway climate destabilization and minimize severe weather events, inundation of coastal cities, spread of diseases, loss of forests, failure of agriculture and water supply, infrastructure destruction, forced migrations, political upheavals, and international conflict;

Current prices of electricity, gasoline, and other fuels reflect little or none of the long-term costs from climate change or even near-term health costs of burning fossil fuels, and this suppresses incentives to develop and deploy carbon-reducing measures such as energy efficiency

SECTION 3. TAX RATES

Following are tax rates consistent with charging $50.00 per ton of carbon (not carbon dioxide) emitted.
 Consistent with the intent of phasing this level in over a five-year period, the rates for years 1 through 4 will be calculated by multiplying the rates in the table by 20%, 40%, 60% and 80%, respectively.

All rates are expressed in dollars per million Btu of fuel.

---
Bituminous coal ----- $1.40
Subbituminous coal - $1.45
Lignite ----------------- $1.47
Crude Oil -------------- $1.12
Gasoline --------------- $1.07
Residual Fuel Oil ----- $1.18
Natural Gas ----------- $0.80
---

SECTION 4. REBATES FOR CO2 CONTROL

Paying entities may be eligible for a partial or total rebate of the tax payments if the paying entity can prove that some or all of the carbon dioxide emissions will be kept from entering the Earth's atmosphere for millennia.

SECTION 5. EQUAL DISTRIBUTION OF FEDERAL REVENUES TO ATLASIAN CITIZENS (GREEN CHECKS)

1. 70 30% of revenues generated by the carbon tax shall be distributed on an equal basis to all Atlasian households on a quarterly time basis via cheque, which shall henceforth be referred to as "green checks."

2. 30% of revenues generated by the carbon tax shall be used to cover the costs of the Renewable Energy Rebate and Subsidy Act.

3. 10% of revenues generated by the carbon tax shall be used to fund federal grants for research and development to discover and implement new renewable energy sources and improve on existing sources.

4. 15% of the revenues generated by the carbon tax shall be used to aid in reducing our national deficit.

5. 15% of the revenues generated by the carbon tax shall be used to provide additional funding for the National Oceanic and Atmospheric Administration (NOAA), with no less than 33% of this funding being reserved for the National Weather Service (NWS)


SECTION 6. BORDER CARBON TAX ADJUSTMENT

Goods imported from countries without a carbon tax will be subject to a tax on their value upon importation equal to the cost of Atlasia's carbon tax for the amount of carbon involved in the production of the product.

This amendment is intended to redistribute how we spent the revenues generated by the carbon tax, and allow for funding towards new research in renewable energy and deficit reduction.

[Esteemed Jimmy]

Aye

[Esteemed Jimmy]

With a majority of representatives voting to pass this bill, the vote will close in 24 hours and any Representative who wishes to change his or her vote must do so during that interval.

[Esteemed Jimmy]

Voting has closed. The final vote stands as:

Aye: 7 (Alancia, fhtagn, JGibson, Jimmy7812, MB, Tea Party Hater, TheShadowyAbyss)
Nay: 1 razze)
Abstain: 0
Missed: 1 (KoopaDaQuick)

Therefore, voting has closed and this bill passes 7-1-0-1.

[Esteemed Jimmy]

Amendment to the Carbon Tax Act

AN ACT OF CONGRESS
To impose a tax on the burning of carbon-based fuels, and to incentivize minimizing carbon emissions through conservation, substitution, and innovation


Be it enacted by the Congress of the Republic of Atlasia assembled;

SECTION 1. TITLE

This legislation may be cited as the Carbon Tax Act.

SECTION 2. FINDINGS

Whereby the Congress of the Republic of Atlasia hereby acknowledges:

That increasing levels of CO2 in the Earth's atmosphere are destabilizing established climate patterns and damaging ecosystems;

That rapid reductions in Atlasia's and other nations' carbon emissions are essential to avoid runaway climate destabilization and minimize severe weather events, inundation of coastal cities, spread of diseases, loss of forests, failure of agriculture and water supply, infrastructure destruction, forced migrations, political upheavals, and international conflict;

Current prices of electricity, gasoline, and other fuels reflect little or none of the long-term costs from climate change or even near-term health costs of burning fossil fuels, and this suppresses incentives to develop and deploy carbon-reducing measures such as energy efficiency

SECTION 3. TAX RATES

Following are tax rates consistent with charging $50.00 per ton of carbon (not carbon dioxide) emitted.
 Consistent with the intent of phasing this level in over a five-year period, the rates for years 1 through 4 will be calculated by multiplying the rates in the table by 20%, 40%, 60% and 80%, respectively.

All rates are expressed in dollars per million Btu of fuel.

---
Bituminous coal ----- $1.40
Subbituminous coal - $1.45
Lignite ----------------- $1.47
Crude Oil -------------- $1.12
Gasoline --------------- $1.07
Residual Fuel Oil ----- $1.18
Natural Gas ----------- $0.80
---

SECTION 4. REBATES FOR CO2 CONTROL

Paying entities may be eligible for a partial or total rebate of the tax payments if the paying entity can prove that some or all of the carbon dioxide emissions will be kept from entering the Earth's atmosphere for millennia.

SECTION 5. EQUAL DISTRIBUTION OF FEDERAL REVENUES TO ATLASIAN CITIZENS (GREEN CHECKS)

1. 70 30% of revenues generated by the carbon tax shall be distributed on an equal basis to all Atlasian households on a quarterly time basis via cheque, which shall henceforth be referred to as "green checks."

2. 30% of revenues generated by the carbon tax shall be used to cover the costs of the Renewable Energy Rebate and Subsidy Act.

3. 10% of revenues generated by the carbon tax shall be used to fund federal grants for research and development to discover and implement new renewable energy sources and improve on existing sources.

4. 15% of the revenues generated by the carbon tax shall be used to aid in reducing our national deficit.

5. 15% of the revenues generated by the carbon tax shall be used to provide additional funding for the National Oceanic and Atmospheric Administration (NOAA), with no less than 33% of this funding being reserved for the National Weather Service (NWS)


SECTION 6. BORDER CARBON TAX ADJUSTMENT

Goods imported from countries without a carbon tax will be subject to a tax on their value upon importation equal to the cost of Atlasia's carbon tax for the amount of carbon involved in the production of the product.

This amendment is intended to redistribute how we spent the revenues generated by the carbon tax, and allow for funding towards new research in renewable energy and deficit reduction.

People's House of Representatives
Passed in the House of Representatives 7-1-0-1