Connecticut carbon tax legislation
From Connecticut Energy Marketers Association (CEMA). On Monday, March 18, the Environment Committee will hold a public hearing on a bill that would impose a tax on fossil fuels sold in the state: Raised Bill 1064, An Act Establishing a Carbon Price for Fossil Fuels Sold in Connecticut. Heating oil, propane, diesel, gasoline and even…
From Connecticut Energy Marketers Association (CEMA).
On Monday, March 18, the Environment Committee will hold a public hearing on a bill that would impose a tax on fossil fuels sold in the state: Raised Bill 1064, An Act Establishing a Carbon Price for Fossil Fuels Sold in Connecticut.
Heating oil, propane, diesel, gasoline and even natural gas and electricity would all be subject to the tax if it passes.
The cost of diesel for trucks will go up 16.8 cents per gallon in the first year, costing about $490 per truck, increasing to about $2000 per truck by 2030.
The tax on gasoline will be 14.7 cents per gallon in year one costing you an additional $96.43; 34.3 cents per gallon in year five costing you $225.016, and 58.8 cents per gallon in year 10 costing you $385.73.
Visit the Stop the Carbon Tax website for more information.