Imposes a fee on the carbon content of all fossil fuels sold in the state.

Establishes a carbon fee and cash-back program, which would impose a fee on the carbon content of all fossil fuels sold in the state. The purpose of the fee is to collect funds that will be redistributed to all individuals who pay state taxes in the form of an annual cash-back payment. Requires the Department of Energy Resources to develop and implement regulations for this program upon its passage. By implementing this carbon fee, the legislation aims to create a financial mechanism that both discourages carbon-intensive fuel consumption and provides a direct monetary benefit to taxpayers, effectively putting a price on carbon emissions while offering a direct financial return to citizens.

Pending Committee action.

02/27/2025 Referred to House Committee on Telecommunications, Utilities and Energy.