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HR 4283 114th Congress House Taxation Climate change and greenhouse gases Coal Oil and gas Sales and excise taxes Tariffs

Consumers REBATE Act

Introduced: December 17, 2015 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2015
Referred to the House Committee on Ways and Means.
Dec 17, 2015
Introduced in House
 Plain-English summary Congressional Research Service

Consumers Rebate to ban Emissions and Boost AlTernative Energy Act or the Consumers REBATE 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.

What's happening now December 17, 2015

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1