S04598 Summary:

Authorizes a study on implementing a greenhouse gas or carbon emissions fee or tax.
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S04598 Actions:

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S04598 Committee Votes:

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S04598 Floor Votes:

There are no votes for this bill in this legislative session.
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S04598 Text:

                STATE OF NEW YORK
                               2017-2018 Regular Sessions
                    IN SENATE
                                    February 21, 2017
        Introduced  by  Sen. KRUEGER -- read twice and ordered printed, and when
          printed to be committed to the Committee on  Energy  and  Telecommuni-
        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;
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.

        S. 4598                             2
     1    (h) evaluate the impact of a carbon fee or tax on jobs and wages;
     2    (i) evaluate the impact of a carbon fee or tax on existing fees, state
     3  revenue  and  state  income taxes, including the regional greenhouse gas
     4  initiative;
     5    (j) evaluate the per unit costs of specific types of fuels that  would
     6  be subject to a carbon fee or tax; and
     7    (k)  evaluate revenue allocation options, including assisting in fund-
     8  ing a transition to clean renewable energy, maximizing positive  impacts
     9  and mitigating detrimental or unequal impacts on low and moderate income
    10  households,  improving mass transit, implementing climate change adapta-
    11  tion measures such as making improvements in infrastructure,  implement-
    12  ing agricultural adaptation measures, increasing protection of low-lying
    13  areas  including  coastlines, and enhancing emergency health response to
    14  extreme weather events.
    15    2. NYSERDA shall submit a written  preliminary  report  to  the  state
    16  legislature related to revenue and the environment on or before December
    17  1,  2018,  and  a  final  report on or before March 1, 2019. NYSERDA may
    18  contract with third parties as necessary to prepare the reports and  any
    19  related recommendations.
    20    3.  NYSERDA  shall  provide  for  public input in the study, including
    21  holding at  least  two  public  hearings  before  the  final  report  is
    22  released.
    23    § 2. This act shall take effect immediately.
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