H. R. 4805: Internal Revenue Code of 1990. Introduced in the House of Representatives, One Hundredth First Congress, Second Session, May 10, 1990

Book · Mon Jan 01 04:00:00 EST 1990

OSTI ID:5930255

This bill was introduced into the U.S. House of Representatives on May 10, 1990 to amend the Internal Revenue Code of 1986. This bill reduces emissions of carbon dioxide by imposing a tax on certain fuels based on their carbon content. Separate sections are included which impose tax on coal, tax on petroleum, and tax on natural gas. The tax rate on coal will be $3.00 per ton for 1991, $6.00 per ton for 1992, $9.00 per ton for 1993, and $12 per ton for 1994. The tax rate on petroleum will be $.65 per barrel for 1991, $1.30 per barrel for 1992, $1.95 per barrel for 1993, and $2.60 per barrel for 1994. The tax rate on natural gas will be $.08 per MCF for 1991, $.16 per MCF for 1992, $.24 per MCF for 1993, and $.32 per MCF for 1994.

• OSTI ID: 5930255
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290300 -- Energy Planning & Policy-- Environment
Health
& Safety
54 ENVIRONMENTAL SCIENCES
540120* -- Environment
Atmospheric-- Chemicals Monitoring & Transport-- (1990-)
AIR POLLUTION CONTROL
AMENDMENTS
CARBON COMPOUNDS
CARBON DIOXIDE
CARBON OXIDES
CHALCOGENIDES
CONTROL
ENERGY SOURCES
FOSSIL FUELS
FUELS
LEGISLATION
LEGISLATIVE TEXT
OXIDES
OXYGEN COMPOUNDS
POLLUTION CONTROL
TAXES