Relating to climate protection; prescribing an effective date.
Catchline/Summary:
Requires Environmental Quality Commission to adopt greenhouse gas cap-and-dividend program to reduce statewide greenhouse gas emissions to meet certain benchmarks adopted by commission. Requires Environmental Quality Commission to adopt greenhouse gas cap-and-dividend program to reduce statewide greenhouse gas emissions to meet certain benchmarks adopted by commission. Establishes auction for allowances under program. Directs certain proceeds from allowances to be deposited in Pollution Refund Credit Trust Fund.
Establishes Pollution Refund Credit Trust Fund.
Distributes moneys collected from auction to personal income taxpayers and their dependents in equal shares.
Appropriates moneys from General Fund to Department of Revenue and Environmental Quality Commission for purpose of establishing cap-and-dividend program and funding first year of auction.
Aligns greenhouse gas emissions reductions goals for certain other state programs with benchmarks established under cap-and-dividend program.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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SB 965 Senate Committee On Environment and Natural Resources
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