Bill > H3473

This bill aims to create new energy jobs in Massachusetts by implementing a carbon pricing system and establishing several funds and programs to support clean energy development and deployment. The key provisions are: 1. Establishing a carbon pricing system where entities selling fossil fuels or distributing electricity would pay a price based on the carbon emissions associated with those fuels. The revenue from this carbon price would be deposited into a Clean Energy Dividend Fund and used to provide quarterly dividend payments to Massachusetts households and employers to offset any increased energy costs. 2. Creating a Massachusetts Clean Energy Trust and Fund to finance the development and deployment of clean energy systems through loans, loan guarantees, and other financial assistance for qualifying projects. 3. Establishing a Massachusetts Clean Energy Technology Fund to support grants and capital costs for coordinated technology development and demonstration projects. 4. Providing tax exemptions for certain clean energy companies headquartered and operating primarily in Massachusetts. 5. Directing the Governor to review regulations and infrastructure needs to support the research, testing, manufacturing, and installation of clean energy and energy storage technologies. Overall, the bill aims to put a price on carbon, use the revenue to support clean energy investments and offset costs for residents and businesses, and foster the growth of the clean energy industry in Massachusetts.

Business and Industry

https://malegislature.gov/Bills/190/H3473