CT HB07247

Imposes a fee on all fossil fuels sold in Connecticut starting January 1, 2019, at $15 per ton of carbon dioxide equivalent, increasing by at least $5 per ton annually unless the Carbon Pollution Council determines otherwise.

Applies the carbon price to coal, oil, natural gas, propane, and petroleum products at the first point of sale in the state, with electricity suppliers paying on behalf of end users based on fuel mix and natural gas distributors paying based on consumption.

Establishes a "clean energy and jobs account" to receive all collected fees, allocated as: 25% for climate resilience and energy programs for low-income properties, 30% for employer dividends, 40% for resident dividends, and up to 5% for administrative costs.

Distributes dividends to all residents equally with increases for households with children, and to employers proportionally based on their share of state employment; first dividends due by December 31, 2019.

Takes effect only after Massachusetts and Rhode Island enact comparable fossil fuel fees of at least $10 per ton and the Carbon Pollution Council determines the appropriate fee rate.