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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Tax Pollution, Not Profits Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to impose an excise tax on greenhouse gas emissions.


Actions Overview (1)

Date
05/01/2015Introduced in House

All Actions (4)

Date
05/01/2015Referred 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.
Action By: House of Representatives
05/01/2015Referred 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.
Action By: House of Representatives
05/01/2015Referred 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.
Action By: House of Representatives
05/01/2015Introduced in House
Action By: House of Representatives

Cosponsors (3)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Huffman, Jared [D-CA-2]* 05/01/2015
Rep. Cartwright, Matt [D-PA-17]* 05/01/2015
Rep. Polis, Jared [D-CO-2]* 05/01/2015

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means05/01/2015 Referred to
House Education and the Workforce05/01/2015 Referred to

No related bill information was received for H.R.2202.


Subjects (11)


Latest Summary (1)

There is one summary for H.R.2202. View summaries

Shown Here:
Introduced in House (05/01/2015)

Tax Pollution, Not Profits Act

This bill amends the Internal Revenue Code to impose an excise tax on greenhouse gas emissions from fossil fuel products and from any facility which is required to report emissions or to which emissions are attributed. The tax is equal to $30 per metric ton of carbon dioxide or carbon dioxide equivalent in 2016, increasing each subsequent year at 4% above inflation.

The bill amends the Social Security Act to establish a Low-Income 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 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 from 32% in taxable years beginning in 2016 to 28% in taxable years beginning after 2019.

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.