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HR 4926 115th Congress House

American Opportunity Carbon Fee Act of 2018

Official title: To amend the Internal Revenue Code of 1986 to provide for carbon dioxide and other greenhouse gas emission fees, reduce the rate of the corporate income tax, p… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to provide for carbon dioxide and other greenhouse gas emission fees, reduce the rate of the corporate income tax, provide tax credits to workers, deliver additional benefits to retired and disabled Americans, and for other purposes.

Introduced: February 5, 2018 See on congress.gov
Taxation Air qualityClimate change and greenhouse gasesCoalCorporate finance and management
More subjectsShow fewer subjects
Disability assistanceEmployment and training programsGovernment information and archivesIncome tax creditsIncome tax ratesManufacturingOil and gasRural conditions and developmentSales and excise taxesSocial security and elderly assistanceVeterans' pensions and compensation
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2018
Referred to the Subcommittee on Higher Education and Workforce Development.
Feb 6, 2018
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Feb 5, 2018
Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Veterans' Affairs, Energy and Commerce, and Education and the Workforce, 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.
Feb 5, 2018
Introduced in House
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 Latest action April 5, 2018

Referred to the Subcommittee on Higher Education and Workforce Development.

 Plain-English summary Congressional Research Service

American Opportunity Carbon Fee Act of 2018

This bill amends the Internal Revenue Code to impose fees on: (1) fossil fuel products producing carbon dioxide emissions, including coal, petroleum products, and natural gas; (2) fluorinated greenhouse gases; (3) emissions of any greenhouse gas from any greenhouse gas emissions source; and (4) associated emissions (attributable to venting, flaring, and leakage across the supply chain).

The bill directs the Department of the Treasury to:

  • establish, implement, and report on a program to identify all major source categories of associated emissions and collect data on associated emissions from the coal, petroleum products, and natural gas supply chains;
  • make specified adjustments to the new fees for importers and exporters of energy-intensive manufactured goods;
  • make a specified payment each calendar year to certain Social Security beneficiaries, veterans, and disabled individuals;
  • make cost mitigation grants to states to assist low-income and rural households and provide job training and worker transition assistance; and
  • establish a website to make regular disclosures concerning revenue, tax savings, and benefits attributable to this bill.

The bill also allows a new carbon fee offset tax credit for the lesser of: 6.2% of earned income, or $800.

 Related & companion bills 3
  • HR 3420 Related bill American Opportunity Carbon Fee Act of 2017
  • S 2368 Identical bill American Opportunity Carbon Fee Act of 2018
  • S 1639 Related bill American Opportunity Carbon Fee Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 6
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4926: American Opportunity Carbon Fee Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-4926/
MLA
"H.R. 4926: American Opportunity Carbon Fee Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-4926/.
Bluebook (legal)
H.R. 4926, 115th Cong. (2026), https://openamerica.io/bill/115-HR-4926/.
Markdown link
[H.R. 4926: American Opportunity Carbon Fee Act of 2018](https://openamerica.io/bill/115-HR-4926/)
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