31st Legislature, 2021
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SB546       (?)


Measure Title: RELATING TO TAXATION.
Report Title: Environmental Response, Energy, and Food Security Tax; Carbon Emissions; Tax Credit
Description: Amends the environmental response, energy, and food security tax to address carbon emissions. Increases the tax rate to effectively set a price of $40 per metric ton of carbon dioxide emissions in 2022. Incrementally increases the tax rate over time so that, in 2032, the tax rate shall be equivalent to a carbon price of $80 per metric ton of carbon emissions. Establishes a refundable tax credit for lower-income individuals. Tax credit applies to taxable years beginning after 12/31/2021. Takes effect 1/1/2022.
Companion:
Package: None
Current Referral: AEN/EET, WAM
Introducer(s): RHOADS

Sort by Date Status Text
1/22/2021SIntroduced.
1/25/2021SPassed First Reading.
1/27/2021SReferred to AEN/EET, WAM.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB546




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