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CT HB05363
Bill
Status
3/1/2018
Primary Sponsor
Environment Committee
Click for details
AI Summary
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Imposes a fee on all fossil fuels sold in Connecticut starting January 1, 2020, beginning at $15 per ton of carbon dioxide equivalent, increasing by at least $5 per ton annually unless the Carbon Pollution Council determines otherwise.
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Requires electricity suppliers, natural gas distribution companies, and on-site electricity generators using fossil fuels to pay the carbon price on behalf of customers, with electricity fees calculated based on the regional fuel mix and adjusted for RGGI and NEPOOL payments.
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Establishes a "Clean Energy and Jobs Account" to receive all collected fees, with 45% distributed to employers, 50% to residents as annual dividends, and up to 5% for administrative costs.
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Resident dividends are distributed equally per person with additional amounts per dependent under age 18; employer dividends are proportional to their share of state employment.
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Takes effect only after Massachusetts and Rhode Island enact fossil fuel fees of at least $10 per ton and the Carbon Pollution Council determines the appropriate fee amount.
Legislative Description
An Act Establishing A Carbon Price For Fossil Fuels Sold In Connecticut.
Last Action
Public Hearing 03/14
3/9/2018