H 1726, An Act to Promote Green Infrastructure, Reduce Greenhouse Gas Emissions, and Create Jobs
Sponsored by Representative Jennifer Benson
80% of the revenue would be returned via rebates to households and employers, while 20% would be used to fund green infrastructure investments in transportation, clean energy, and protection against the impacts of climate change. By rebating a high proportion of the funds through a progressive formula, the bill would ensure that low- and moderate-income households do not come out behind. Because the bill rebates funds to employers based on their number of employees, most business sectors would come out ahead or about even, and there would be a net gain to employment in the state. The fee would begin at $20 per ton of CO2, and rise $5 a year until it hits $40 per ton, the same as in S 1821.