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HR 1337 111th Congress House Energy Advanced technology and technological innovations Air quality Alternative and renewable resources Climate change and greenhouse gases Coal Employment taxes Energy research Government trust funds Income tax credits International law and treaties Oil and gas Research administration and funding Research and development Sales and excise taxes

America's Energy Security Trust Fund Act of 2009

Introduced: March 5, 2009 Introduced by: Larson, John B. Democratic · Connecticut See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 5, 2009
Referred to House Foreign Affairs
Mar 5, 2009
Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 5, 2009
Referred to House Ways and Means
Mar 5, 2009
Introduced in House
 Plain-English summary Congressional Research Service

America's Energy Security Trust Fund Act of 2009 - Amends the Internal Revenue Code to impose an excise tax on any taxable carbon substance sold by a manufacturer, producer, or importer. Defines "taxable carbon substance" as: (1) coal (including lignite and peat); (2) petroleum and any petroleum products; and (3) natural gas that is extracted, manufactured, or produced in the United States, or entered into the United States for consumption, use, or warehousing.

Establishes in the Treasury the America's Energy Security Trust Fund to finance research in clean energy technology, assist industries negatively affected by this Act, and provide carbon tax rebates to individual taxpayers.

Allows individual taxpayers a tax credit equal to carbon tax rebate amounts calculated by the Secretary of the Treasury.

Directs the Secretary of the Treasury to study and report to Congress on the best methods to assess and collect taxes on non-carbon greenhouse gases.

Expresses the sense of Congress that the United States should establish binding agreements with major greenhouse gas emitting nations to reduce global greenhouse gas emissions.

What's happening now March 5, 2009

Referred to House Foreign Affairs

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2