US Congress House Bill 3242 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 23-0)
Status: Introduced on October 24 2011 - 25% progression, died in committee
Action: 2011-10-24 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Save Our Climate Act of 2011- Amends the Internal Revenue Code to impose an excise tax on the carbon content of any taxable fuel sold by a manufacturer, producer, or importer. Sets the amount of such tax at $10 per ton of the carbon dioxide produced by combustion in such fuel, with annual increases in the amount of such tax until the level of carbon dioxide emissions for a calendar year does not exceed 20% of the level of such emissions for calender year 1990 (target attainment year). Exempts from such tax the sale or in-kind exchange of fuel for deposit in the Strategic Petroleum Reserve and certain exports or resales of such fuel. Defines "taxable fuel" as coal (including lignite and peat), petroleum and any petroleum product, natural gas, biomass, municipal solid waste, and any organic material other than coal, petroleum, and natural gas that is sold for the purpose of energy production, which is extracted, manufactured, or produced in the United States or entered into the United States for consumption, use, or warehousing.

Save Our Climate Act of 2011

Rep. Fortney Stark [D-CA]	Rep. Earl Blumenauer [D-OR]	Rep. Michael Capuano [D-MA]	Rep. Judy Chu [D-CA]
Rep. Lacy Clay [D-MO]	Rep. John Conyers [D-MI]	Rep. Danny Davis [D-IL]	Rep. Donna Edwards [D-MD]
Rep. Bob Filner [D-CA]	Rep. Raul Grijalva [D-AZ]	Rep. Alcee Hastings [D-FL]	Rep. Rush Holt [D-NJ]
Rep. Michael Honda [D-CA]	Rep. Jesse Jackson [D-IL]	Rep. Dennis Kucinich [D-OH]	Rep. Barbara Lee [D-CA]
Rep. Jim McDermott [D-WA]	Rep. James McGovern [D-MA]	Rep. James Moran [D-VA]	Rep. John Olver [D-MA]
Rep. Charles Rangel [D-NY]	Rep. Nydia Velazquez [D-NY]	Rep. Lynn Woolsey [D-CA]

Date	Chamber	Action
2011-10-24	House	Referred to the House Committee on Ways and Means.
2011-10-24	House	Sponsor introductory remarks on measure. (CR E1914)

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/3242/all-info
Text	https://www.congress.gov/112/bills/hr3242/BILLS-112hr3242ih.pdf