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HR 6605 115th Congress House

Carbon Reduction and Tax Credit Act

Official title: To amend the Internal Revenue Code of 1986 to impose an excise tax on fuel based on the carbon content of such fuel, and for other purposes.

Introduced: July 26, 2018 See on congress.gov
Taxation Air qualityClimate change and greenhouse gasesCoalIncome tax credits
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Inflation and pricesMiningMotor fuelsOil and gasSales and excise taxes
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 26, 2018
Referred to the House Committee on Ways and Means.
Jul 26, 2018
Introduced in House
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 Latest action July 26, 2018

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Carbon Reduction and Tax Credit Act

This bill amends the Internal Revenue Code to impose an excise tax based on the carbon content of fuel. The tax is equal to $40 per ton of carbon contained in fuel: (1) produced at a coal mine or an oil or gas well located in the United States; or (2) entered into the United States for consumption, use, or warehousing. The bill requires the tax rate to be adjusted for inflation.

The bill also allows a refundable tax credit of up to $1,000 for each individual taxpayer and each dependent of the taxpayer. The credit must be reduced by a specified amount if the taxpayer's adjusted gross income exceeds $314,000 ($157,000 in the case of a return other than a joint return). The bill requires the dollar amounts for the credit to be adjusted for inflation and specifies that nonresident aliens are ineligible for the credit.

 Related & companion bills 1
  • HR 5457 Reintroduced Bill Carbon Reduction and Tax Credit Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6605: Carbon Reduction and Tax Credit Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-6605/
MLA
"H.R. 6605: Carbon Reduction and Tax Credit Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-6605/.
Bluebook (legal)
H.R. 6605, 115th Cong. (2026), https://openamerica.io/bill/115-HR-6605/.
Markdown link
[H.R. 6605: Carbon Reduction and Tax Credit Act](https://openamerica.io/bill/115-HR-6605/)
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