Establishes a tax on carbon-based fuels.

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 2024. Pending Committee action. Same as SB 2579.

05/17/2023 Referred to Assembly Committee on Ways and Means.