assembly Bill A3967

2017-2018 Legislative Session

Relates to establishing a tax on carbon emissions and to establishing the carbon tax revenue fund

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 03, 2018 referred to ways and means
Jan 30, 2017 referred to ways and means

Co-Sponsors

A3967 (ACTIVE) - Details

Law Section:
Tax Law
Laws Affected:
Add Art 21-B §§530 - 534, amd §171, Tax L; add §99-aa, St Fin L
Versions Introduced in Other Legislative Sessions:
2015-2016: A8401
2019-2020: A3459

A3967 (ACTIVE) - Summary

Relates to establishing a tax on carbon emissions and to establishing the carbon tax revenue fund; establishes an excise tax on carbon-based fuel sold in the state; establishes an initial rate of five dollars per ton of carbon.

A3967 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3967

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            January 30, 2017
                               ___________

Introduced  by M. of A. ORTIZ -- read once and referred to the Committee
  on Ways and Means

AN ACT to amend the tax law, in relation to establishing a tax on carbon
  emissions; and to amend the state finance law, in relation  to  estab-
  lishing the carbon tax revenue fund

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The tax law is amended by adding a new article 21-B to read
as follows:
                              ARTICLE 21-B
                         TAX ON CARBON EMISSION
SECTION 530. DEFINITIONS.
        531. IMPOSITION AND RATE OF TAX.
        532. EXEMPTIONS.
        533. PENALTIES AND INTEREST.
        534. DEPOSIT AND DISPOSITION OF REVENUE.
  § 530. DEFINITIONS. AS USED IN THIS ARTICLE, THE FOLLOWING TERMS SHALL
HAVE THE FOLLOWING MEANINGS:
  (A) "CARBON-BASED FUEL" MEANS COAL, NATURAL  GAS,  PETROLEUM  PRODUCTS
AND  ANY  OTHER  PRODUCT  USED  FOR  FUEL THAT CONTAINS CARBON AND EMITS
CARBON DIOXIDE WHEN COMBUSTED; PROVIDED, HOWEVER, THAT CARBON-BASED FUEL
SHALL NOT INCLUDE ANY PRODUCT USED FOR  FUEL  THAT  IS  DERIVED  FROM  A
RESOURCE THAT IS LESS THAN ONE THOUSAND YEARS OLD IN ITS NATURAL STATE.
  (B)  "DISTRIBUTOR" MEANS A PERSON WHO IMPORTS OR CAUSES TO BE IMPORTED
CARBON-BASED FUEL FOR USE, DISTRIBUTION, OR SALE WITHIN THE STATE, OR  A
PERSON  WHO  PRODUCES,  REFINES, MANUFACTURES, OR COMPOUNDS CARBON-BASED
FUEL WITHIN THE STATE FOR USE, DISTRIBUTION, OR SALE.
  (C) "PETROLEUM PRODUCTS" MEANS PROPANE, GASOLINE,  UNLEADED  GASOLINE,
KEROSENE, NUMBER 2 HEATING OIL, DIESEL FUEL, KEROSENE BASE JET FUEL, AND
NUMBER 4, NUMBER 5 AND NUMBER 6 RESIDUAL OIL FOR UTILITY AND NON-UTILITY
USES,  AND  ALL PETROLEUM DERIVATIVES, WHETHER IN BOND OR NOT, WHICH ARE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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