NY SB 2579

Author

Kevin Parker
517 Legislative Office Building
Albany, NY 12247
518-455-2580
parker@senate.state.ny.us
Author Detail Link

i

Bill Text

Category

Fuel Tax

I

State

NY

d

Summary

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

n

Issue

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.

k

Notes

Carries-over to 2024. Pending Committee action.

History

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