3.0.0 2014 2023-01-11T13:36:01Z 2023-01-11T13:36:01Z House HR 2017-04-06 115 [Congressional Record Volume 163, Number 60 (Thursday, April 6, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DELANEY:H.R. 2014.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution[Page H2791]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2017-04-06T13:03:35Z hswm00 Ways and Means Committee House Standing Referred to 2017-04-06T13:03:30Z 2017-04-06 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2017-04-06 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2017-04-06 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-04-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-04-06 Introduced in House IntroReferral 1000 9 Library of Congress D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 N C001090 Rep. Cartwright, Matt [D-PA-17] Matt Cartwright D PA 17 2017-04-06 True P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2017-04-06 True Taxation Air quality Climate change and greenhouse gases Coal Energy assistance for the poor and aged Energy prices Income tax rates Mining Oil and gas Pollution liability Sales and excise taxes Unemployment Taxation 00 2017-04-06 Introduced in House 2017-07-05T16:39:12Z Tax Pollution, Not Profits Act

This bill amends the Internal Revenue Code to impose an excise tax on certain greenhouse gas emissions. The tax is equal to $30 per metric ton of carbon dioxide or carbon dioxide equivalent in 2018, increasing each subsequent year at 4% above inflation.

The Internal Revenue Service must: (1) provide certain refunds of the tax to account for the capture and permanent sequestration of greenhouse gas emissions, and (2) adjust the tax to account for goods that are exported or imported.

The bill amends the Social Security Act to establish a Low-Income Energy Cost Mitigation Program to provide an energy refund amount to certain low and middle-income households to compensate such households for increases in energy costs due to this bill.

The Department of Labor may use up to 2% of the revenues generated by this bill to implement a program to assist displaced workers in the coal industry.

The bill also provides for a gradual reduction in the corporate income tax rate to 32% in taxable years beginning in 2018 and 28% in taxable years beginning after 2021.

The bill requires the Department of the Treasury to establish a website to make information regarding the amount and sources of revenue attributable to this bill publicly available.

]]> Tax Pollution, Not Profits Act Display Title Tax Pollution, Not Profits Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to impose an excise tax on greenhouse gas emissions. Introduced in House IH Short Titles as Introduced Tax Pollution, Not Profits Act Introduced in House 2017-04-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2014ih/xml/BILLS-115hr2014ih.xml 2017-04-06 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.