Vote Smart's Synopsis:

Vote to adopt an amendment to HB 2066 that imposes carbon dioxide emission limitations on utilities and a carbon tax for noncompliance.

Highlights:

- Includes facilities with a capacity to generate more than 250,000 tons of carbon dioxide per year [sec. 25 (a)]. - Limits carbon dioxide emissions to: 1,520 lbs per megawatt hour for solid fuels; 1,080 lbs per megawatt hour for liquid fuels; and 810 lbs per megawatt hour for gaseous fuels [sec. 25 (b) (1)]. - Taxes utilities that exceed limitations and fail to reduce or mitigate emissions $3 per ton of carbon dioxide emissions that are in excess of the allowable limitations [sec. 26 (h) (1)]. - Gives tax credits to facilities that exceed limitations for developing a carbon reduction, storage or utilization plan or using alternative renewable energy sources [sec. 26 (a-g)].

Full Bill Text