U.S. Congress - H.R.3242 Save Our Climate Act of 2011
H.R.3242 - Save Our Climate Act of 2011
To amend the Internal Revenue Code of 1986 to reduce emissions of carbon dioxide by imposing a tax on primary fossil fuels based on their carbon content. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to reduce emissions of carbon dioxide by imposing a tax on primary fossil fuels based on their carbon content. as introduced.
- Short: Save Our Climate Act of 2011 as introduced.
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Official Summary
10/24/2011--Introduced.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 inOfficial Summary
10/24/2011--Introduced.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....Read the Rest
Latest Letters to Congress
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H.R.3242 Save Our Climate Act of 2011
deste66
September 26, 2012
I oppose H.R.3242 - Save Our Climate Act of 2011, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
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H.R.3242 Save Our Climate Act of 2011
hain84
September 12, 2012
I oppose H.R.3242 - Save Our Climate Act of 2011, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
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H.R.3242 Save Our Climate Act of 2011
deste66
September 08, 2012
I oppose H.R.3242 - Save Our Climate Act of 2011, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
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