H.R. 3242 (112th): Save Our Climate Act of 2011

Introduced:
Oct 24, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Fortney “Pete” Stark [D-CA13]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on October 24, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Oct 24, 2011
Referred to Committee Oct 24, 2011
Cosponsors
22 cosponsors (22D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to reduce emissions of carbon dioxide by imposing a tax on primary fossil fuels based on their carbon content.

Summary

No summaries available.

Text

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Last updated Oct 24, 2011.
18 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

10/24/2011--Introduced.
Save Our Climate Act of 2011- Amends the Internal Revenue Code to impose an excise tax on the carbon content of any taxable fuel sold by a manufacturer, producer, or importer.
Sets the amount of such tax at $10 per ton of the carbon dioxide produced by combustion in such fuel, with annual increases in the amount of such tax until the level of carbon dioxide emissions for a calendar year does not exceed 20% of the level of such emissions for calender year 1990 (target attainment year).
Exempts from such tax the sale or in-kind exchange of fuel for deposit in the Strategic Petroleum Reserve and certain exports or resales of such fuel.
Defines "taxable fuel" as coal (including lignite and peat), petroleum and any petroleum product, natural gas, biomass, municipal solid waste, and any organic material other than coal, petroleum, and natural gas that is sold for the purpose of energy production, which is extracted, manufactured, or produced in the United States or entered into the United States for consumption, use, or warehousing.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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