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Establishes a tax on carbon-based fuels. Establishes the carbon dioxide emissions fund.

Establishes a carbon dioxide emissions tax on the distribution or sale of carbon-based fuels, which shall be no less than $35 per ton of carbon dioxide equivalency and shall increase by $15 per ton of carbon dioxide equivalency annually to a maximum of $185 per ton of carbon dioxide equivalency. The Department of Environmental Conservation shall establish the carbon dioxide emissions fund.

Carries-over to 2023. Pending Committee action.

01/23/2023 Referred to Senate Committee on Budget and Revenue.