H.R. 3242: Save Our Climate Act of 2011

112th Congress, 2011–2012

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.

Sponsor:
Rep. Fortney “Pete” Stark [D-CA13]
Status:
Referred to Committee

Bill titles and summaries are written by the sponsor. H.R. stands for House bill.

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Bill Overview

Status:
Introduced Oct 24, 2011
Referred to Committee Oct 24, 2011
Reported by Committee (not yet occurred)
Passed House (not yet occurred)
Passed Senate (not yet occurred)
Signed by the President (not yet occurred)
This bill was assigned to a congressional committee on October 24, 2011, which will consider it before possibly sending it on to the House or Senate as a whole.
Prognosis:

This bill has a 0% chance of being enacted. The following factors were considered:

This bill was a re-introduction of H.R. 594 (111th) from the previous session of Congress. (-3%)

The sponsor is a member of the minority party. (-2%)

A cosponsor in the minority party has a high leadership score. (+3%)

Just 4% of all House bills in 2009–2010 were enacted.

Text:
Cosponsors:
show cosponsors (16)
Committees:

House Committee on Ways and Means

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Related Bills:

This bill was a re-introduction of H.R. 594 (111th) (Jan 15, 2009).

Primary Source

THOMAS (The Library of Congress)
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Official Summary

The following summary was written by the Congressional Research Service, a nonpartisan arm of the Library of Congress, which serves Congress. GovTrack did not write and has no control over these summaries.

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.