|SAME AS||SAME AS S04598|
|Authorizes a study on implementing a greenhouse gas or carbon emissions fee or tax.|
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NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A1919 SPONSOR: Lifton
TITLE OF BILL: An act authorizing a study on implementing a greenhouse gas or carbon emissions fee or tax   PURPOSE: To authorize a report on the impacts of a statewide greenhouse gas or carbon emission fee or tax.   SUMMARY OF PROVISIONS: Section 1 directs the New York State Energy Research and Development Authority (NYSERDA) to prepare a report for submission to the Environ- mental Conservation Committees of the Assembly and Senate related to implementing a statewide greenhouse gas or carbon emission fee or tax. The report shall: analyze the impact of greenhouse gas emissions, including carbon and methane, and the dangers posed to state residents due to climate change; analyze the potential environmental and policy benefits derived from a carbon tax; identify an effective structure for a carbon fee; evaluate the direct and indirect impact of a carbon fee on low-income households, consumers, industries and localities; evaluate the level of greenhouse gas emission: based on different rates of a carbon fee; evaluate how to treat imported and exported energy sources under a carbon fee; evaluate the impact of a carbon fee on jobs and wages; evaluate the per unit costs of specific types of fuel that would be subject to a carbon fee or tax; evaluate revenue allocation options from collection of a carbon fee or tax. Section 2 requires a written preliminary report to be submitted to the state legislature by December 1. 2018, and a final report on or before March 1, 2019. Section 3 requires at least two public hearings before release of the final report, to allow for public input in the study.   EXISTING LAW: None.   JUSTIFICATION: This greenhouse gas tax study bill is a critical component in moving New York State towards its target of reducing greenhouse gas emissions by 80% of 1990 levels by the year 2050. A greenhouse gas study will answer many important questions about the impacts of implementing a statewide greenhouse gas tax. Understanding the impacts to low-income families and neighborhoods, the environmental and policy benefits, the optimal taxa- tion level, and how to allocate the revenues generated by a greenhouse gas tax, among other concerns, will provide important information tailored to the specifics of New York State. Following the Paris Climate Agreement of December 2015, the global community has acknowledged the imminent threat posed by climate change and is demanding action. Already, New York State has witnessed the devastating effects of Hurricane Sandy and other extreme weather events. Many economists agree that a carbon/ greenhouse gas tax is one of the most effective ways to curb emissions, by accounting for the full costs of climate pollution through a market-based solution. A comprehensive carbon tax study can help pave the way for taking strong action on climate change.   LEGISLATIVE HISTORY: 2016: A10673; referred to Ways and Means.   FISCAL IMPLICATIONS: None.   EFFECTIVE DATE: Immediately.
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STATE OF NEW YORK ________________________________________________________________________ 1919 2017-2018 Regular Sessions IN ASSEMBLY January 17, 2017 ___________ Introduced by M. of A. LIFTON -- read once and referred to the Committee on Ways and Means AN ACT authorizing a study on implementing a greenhouse gas or carbon emissions fee or tax The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. 1. The New York state energy research and development 2 authority (NYSERDA) is hereby directed to prepare a report for 3 submission to the environmental conservation committees of the Senate 4 and Assembly related to implementing a statewide greenhouse gas or 5 carbon emission fee or tax (hereinafter a carbon fee or tax) related to 6 assisting the state in reducing or eliminating such greenhouse gases. 7 The report shall: 8 (a) analyze the current and future environmental impact of greenhouse 9 emissions, including carbon and methane, and the dangers posed to resi- 10 dents for climate change; 11 (b) analyze the potential environmental and policy benefits derived 12 from a carbon tax; 13 (c) identify an effective structure for a carbon fee or tax to gener- 14 ate revenue; 15 (d) evaluate the direct and indirect impact of a carbon fee or tax on 16 low-income households, consumers, industries and localities; 17 (e) evaluate the direct and indirect regional and statewide impact of 18 a carbon fee or tax; 19 (f) evaluate whether the level of greenhouse gas emissions reductions 20 might vary based on different rates of a carbon fee or tax, including 21 determining the minimum level of such fee or tax needed to ensure a 22 significant reduction in greenhouse gas emissions; 23 (g) evaluate how to treat imported and exported energy sources under a 24 carbon fee or tax; 25 (h) evaluate the impact of a carbon fee or tax on jobs and wages; EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07923-01-7A. 1919 2 1 (i) evaluate the impact of a carbon fee or tax on existing fees, state 2 revenue and state income taxes, including the regional greenhouse gas 3 initiative; 4 (j) evaluate the per unit costs of specific types of fuels that would 5 be subject to a carbon fee or tax; and 6 (k) evaluate revenue allocation options, including assisting in fund- 7 ing a transition to clean renewable energy, maximizing positive impacts 8 and mitigating detrimental or unequal impacts on low and moderate income 9 households, improving mass transit, implementing climate change adapta- 10 tion measures such as making improvements in infrastructure, implement- 11 ing agricultural adaptation measures, increasing protection of low-lying 12 areas including coastlines, and enhancing emergency health response to 13 extreme weather events. 14 2. NYSERDA shall submit a written preliminary report to the state 15 legislature related to revenue and the environment on or before December 16 1, 2018, and a final report on or before March 1, 2019. NYSERDA may 17 contract with third parties as necessary to prepare the reports and any 18 related recommendations. 19 3. NYSERDA shall provide for public input in the study, including 20 holding at least two public hearings before the final report is 21 released. 22 § 2. This act shall take effect immediately.