H. R. 1086: A Bill to amend the Internal Revenue code of 1986 to reduce emissions of carbon dioxide by imposing a tax on certain fuels based on their carbon content, introduced in the House of Representatives, One Hundred Second Congress, First Session, February 21, 1991

Book · Tue Jan 01 00:00:00 EST 1991

OSTI ID:5077779

A new subchapter would be added to the Internal Revenue Code entitled Carbon Tax on Primary Fossil Fuels. The tax is imposed on coal, petroleum, and natural gas, and is phased in over five years beginning in 1992. The tax on coal is $3.60 per ton in 1992 and climbs to $18.00 per ton in 1996. The tax on petroleum begins at $0.78 per barrel and climbs to $3.90 per barrel in 1996. Natural gas is taxed at $0.096 per MCF in 1992 and $0.48 per MCF in 1996. The bill also describes inflation adjustments.

• OSTI ID: 5077779
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
01 COAL, LIGNITE, AND PEAT
02 PETROLEUM
03 NATURAL GAS
COAL
TAXES
NATURAL GAS
PETROLEUM
TAX LAWS
AMENDMENTS
AIR POLLUTION ABATEMENT
CARBON
CARBON DIOXIDE
CHARGES
COMBUSTION
EMISSION
ENVIRONMENTAL POLICY
EXPORTS
IMPORTS
INFLATION
LEGISLATIVE TEXT
LIGNITE
PIPELINES
PRODUCTION
QUANTITY RATIO
TIME DEPENDENCE
USES
BROWN COAL
CARBON COMPOUNDS
CARBON OXIDES
CARBONACEOUS MATERIALS
CHALCOGENIDES
CHEMICAL REACTIONS
ELEMENTS
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
LAWS
MATERIALS
NONMETALS
OXIDATION
OXIDES
OXYGEN COMPOUNDS
POLLUTION ABATEMENT
THERMOCHEMICAL PROCESSES
290300* - Energy Planning & Policy- Environment
Health
& Safety
294000 - Energy Planning & Policy- Fossil Fuels
017000 - Coal
Lignite
& Peat- Legislation & Regulations
021000 - Petroleum- Legislation & Regulations
031000 - Natural Gas- Legislation & Regulations