New York S 1528: Establishes a tax on carbon-based fuels

Bill Text

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S01528 Summary:

BILL NOS01528 

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SAME ASNo Same As

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SPONSORPARKER

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COSPNSRADDABBO, BAILEY, HARCKHAM, HOYLMAN-SIGAL, KAVANAGH, KRUEGER, LIU, MYRIE, SANDERS, SEPULVEDA,
 SERRANO

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MLTSPNSR

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Add Art 12-B §§289-g - 289-k, Tax L

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Establishes a tax on carbon-based fuels.

Go to top S01528 Actions:

BILL NOS01528 

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01/10/2025REFERRED TO BUDGET AND REVENUE

01/07/2026REFERRED TO BUDGET AND REVENUE

Go to topS01528 Committee&nbspVotes:

Go to topS01528 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS01528 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1528

 2025-2026 Regular Sessions

 IN SENATE

 January 10, 2025
 ___________

 Introduced by Sens. PARKER, ADDABBO, BAILEY, HARCKHAM, HOYLMAN-SIGAL,
 KAVANAGH, KRUEGER, LIU, MYRIE, SANDERS, SEPULVEDA, SERRANO -- read
 twice and ordered printed, and when printed to be committed to the
 Committee on Budget and Revenue

 AN ACT to amend the tax law, in relation to establishing a tax on
 carbon-based fuels to mitigate greenhouse gas emissions causing
 anthropogenic climate change

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The tax law is amended by adding a new article 12-B to read
 2 as follows:
 3 ARTICLE 12-B
 4 TAX ON CARBON-BASED FUELS
 5 Section 289-g. Definitions.
 6 289-h. Administration of emissions charges.
 7 289-i. Carbon dioxide emissions tax.
 8 289-j. Carbon dioxide emissions fund.
 9 289-k. Regulations.
 10 § 289-g. Definitions. For the purposes of this article, the following
 11 terms shall have the following meanings:
 12 1. "Carbon-based fuel" means coal, natural gas, renewable biomass,
 13 petroleum products, and any other product that contains carbon and emits
 14 carbon dioxide, methane, nitrous oxide, or other greenhouse gases when
 15 combusted, that are used for fuel, heating, cooling, or industrial proc-
 16 esses, which processes shall include electricity generation.
 17 2. "Carbon-generated electricity" means electric energy produced using
 18 a carbon-based fuel that is generated or transmitted by an electric
 19 power facility.
 20 3. "Carbon dioxide equivalent" means a unit of measure denoting the
 21 amount of emissions from a greenhouse gas, expressed as the amount of
 22 carbon dioxide by weight that produces the same global warming impact.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04482-01-5

 S. 1528 2

 1 4. "Carbon dioxide emissions tax" means a tax imposed on each ton of
 2 carbon dioxide equivalency.
 3 5. "Fuel distributor" means any person, firm, association or corpo-
 4 ration, that imports or causes to be imported into the state, for use,
 5 distribution, storage or sale within the state, any carbon-based fuel as
 6 defined in subdivision one of this section; and also any person, firm,
 7 association or corporation that produces, refines, manufactures or
 8 compounds carbon-based fuel within the state.
 9 6. "Fund" means the carbon dioxide emissions fund established by this
 10 article.
 11 7. "Motor vehicle fuel" means fuel for the operation of a motor vehi-
 12 cle.
 13 8. "Utility" means any such gas corporation, electric corporation, gas
 14 and electric corporation, steam corporation, municipality, or any entity
 15 that, in any manner, sells or facilitates the sale, furnishing or
 16 provision of gas or electronic commodity to residential customers;
 17 provided, however, that the term shall not include any municipality that
 18 is exempt from regulation by the public service commission pursuant to
 19 paragraph g of subdivision five of section one thousand five of the
 20 public authorities law.
 21 § 289-h. Administration of emissions charges. The department of envi-
 22 ronmental conservation shall administer the schedules of carbon dioxide
 23 emissions charges and the carbon dioxide emissions fund, both estab-
 24 lished pursuant to this article. Such tax shall be imposed on each fuel
 25 distributor and utility at a rate and schedule to be determined by the
 26 department of environmental conservation in accordance with section two
 27 hundred eighty-nine-i of this article for a carb