NY State Senate Bill 2017-S4598

Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2018	referred to energy and telecommunications
Feb 21, 2017	referred to energy and telecommunications

2017-S4598 (ACTIVE) - Details

See Assembly Version of this Bill:: A1919
Current Committee:: Senate Energy And Telecommunications
Law Section:: Taxation
Versions Introduced in 2015-2016 Legislative Session:: A10673

2017-S4598 (ACTIVE) - Summary

Authorizes a study on implementing a greenhouse gas or carbon emissions fee or tax.

2017-S4598 (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S4598

 TITLE OF BILL :  An act authorizing a study on implementing a
greenhouse gas or carbon emissions fee or tax

 PURPOSE :

To authorize a report on the impacts of a statewide greenhouse gas or
carbon emission fee or tax.

 SUMMARY OF PROVISIONS :

Section 1 directs the New York State Energy Research and Development
Authority (NYSERDA) to prepare a report for submission to the
Environmental Conservation Committees of the Assembly and Senate
related to implementing a statewide greenhouse gas or carbon emission
fee or tax. The report shall: analyze the impact of greenhouse gas
emissions, including carbon and methane, and the dangers posed to
state residents due to climate change; analyze the potential
environmental and policy benefits derived from a carbon tax; identify
an effective structure for a carbon fee; evaluate the direct and
indirect impact of a carbon fee on low-income households, consumers,
industries and localities; evaluate the level of greenhouse gas
emission: based on different rates of a carbon fee; evaluate how to
treat imported and exported energy sources under a carbon fee;
evaluate the impact of a carbon fee on jobs and wages; evaluate the

per unit costs of specific types of fuel that would be subject to a
carbon fee or tax; evaluate revenue allocation options from collection
of a carbon fee or tax.

Section 2 requires a written preliminary report to be submitted to the
state legislature by December 1. 2018, and a final report on or before
March 1, 2019.

Section 3 requires at least two public hearings before release of the
final report, to allow for public input in the study.

 EXISTING LAW :

None.

 JUSTIFICATION :

This greenhouse gas tax study bill is a critical component in moving
New York State towards its target of reducing greenhouse gas emissions
by 8096 of 1990 levels by the year 2050. A greenhouse gas study will
answer many important questions about the impacts of implementing a
statewide greenhouse gas tax. Understanding the impacts to low-income
families and neighborhoods, the environmental and policy benefits, the
optimal taxation level, and how to allocate the revenues generated by
a greenhouse gas tax, among other concerns, will provide important
information tailored to the specifics of New York State.

Following the Paris Climate Agreement of December 2015, the global
community has acknowledged the imminent threat posed by climate change
and is demanding action. Already, New York State has witnessed the
devastating effects of Hurricane Sandy and other extreme weather
events. Many economists agree that a carbon/ greenhouse gas tax is one
of the most effective ways to curb emissions, by accounting for the
full costs of climate pollution through a market-based solution.  A
comprehensive carbon tax study can help pave the way for taking strong
action on climate change.

 LEGISLATIVE HISTORY :

New Bill
 FISCAL IMPLICATIONS :

None.

 EFFECTIVE DATE :
Immediately.

2017-S4598 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4598
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             February 21, 2017
                                ___________
 
 Introduced  by  Sen. KRUEGER -- read twice and ordered printed, and when
   printed to be committed to the Committee on  Energy  and  Telecommuni-
   cations
 
 AN  ACT  authorizing  a study on implementing a greenhouse gas or carbon
   emissions fee or tax
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  1.  The  New  York  state energy research and development
 authority  (NYSERDA)  is  hereby  directed  to  prepare  a  report   for
 submission  to  the  environmental conservation committees of the Senate
 and Assembly related to  implementing  a  statewide  greenhouse  gas  or
 carbon  emission fee or tax (hereinafter a carbon fee or tax) related to
 assisting the state in reducing or eliminating such greenhouse gases.
   The report shall:
   (a) analyze the current and future environmental impact of  greenhouse
 emissions,  including carbon and methane, and the dangers posed to resi-
 dents for climate change;
   (b) analyze the potential environmental and  policy  benefits  derived
 from a carbon tax;
   (c)  identify an effective structure for a carbon fee or tax to gener-
 ate revenue;
   (d) evaluate the direct and indirect impact of a carbon fee or tax  on
 low-income households, consumers, industries and localities;
   (e)  evaluate the direct and indirect regional and statewide impact of
 a carbon fee or tax;
   (f) evaluate whether the level of greenhouse gas emissions  reductions
 might  vary  based  on different rates of a carbon fee or tax, including
 determining the minimum level of such fee or  tax  needed  to  ensure  a
 significant reduction in greenhouse gas emissions;
   (g) evaluate how to treat imported and exported energy sources under a
 carbon fee or tax;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD07923-01-7

 S. 4598                             2
 
   (h) evaluate the impact of a carbon fee or tax on jobs and wages;
   (i) evaluate the impact of a carbon fee or tax on existing fees, state
 revenue  and  state  income taxes, including the regional greenhouse gas
 initiative;
   (j) evaluate the per unit costs of specific types of fuels that  would
 be subject to a carbon fee or tax; and
   (k)  evaluate revenue allocation options, including assisting in fund-
 ing a transition to clean renewable energy, maximizing positive  impacts
 and mitigating detrimental or unequal impacts on low and moderate income
 households,  improving mass transit, implementing climate change adapta-
 tion measures such as making improvements in infrastructure,  implement-
 ing agricultural adaptation measures, increasing protection of low-lying
 areas  including  coastlines, and enhancing emergency health response to
 extreme weather events.
   2. NYSERDA shall submit a written  preliminary  report  to  the  state
 legislature related to revenue and the environment on or before December
 1,  2018,  and  a  final  report on or before March 1, 2019. NYSERDA may
 contract with third parties as necessary to prepare the reports and  any
 related recommendations.
   3.  NYSERDA  shall  provide  for  public input in the study, including
 holding at  least  two  public  hearings  before  the  final  report  is
 released.
   § 2. This act shall take effect immediately.

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Senate Bill S4598

Sponsored By

Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee

2017-S4598 (ACTIVE) - Details

2017-S4598 (ACTIVE) - Summary

2017-S4598 (ACTIVE) - Sponsor Memo

2017-S4598 (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S4598

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Sponsored By

Liz Krueger

Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee

2017-S4598 (ACTIVE) - Details

2017-S4598 (ACTIVE) - Summary

2017-S4598 (ACTIVE) - Sponsor Memo

2017-S4598 (ACTIVE) - Bill Text download pdf

Comments