Bill > S02579

This bill establishes a tax on carbon-based fuels, including coal, natural gas, and petroleum products, to mitigate greenhouse gas emissions and address anthropogenic climate change. The bill defines key terms like "carbon-based fuel," "carbon dioxide emissions tax," and "fuel distributor." It outlines the administration of the emissions charges by the Department of Environmental Conservation, including setting a minimum tax rate of $35 per ton of carbon dioxide equivalency and a maximum of $185 per ton. The bill also establishes a "Carbon Dioxide Emissions Fund" to use the collected proceeds for tax credits to low- and moderate-income residents and to support the transition to 100% clean energy, mass transit, and climate change adaptation measures.