With only hours left in the legislative session, a carbon tax proposal is back on the agenda. You can use our carbon tax calculator to see how much it will cost you.
Senate Bill 5971 would add three energy taxes (and a number of other fees):
- A $15 per metric ton of CO2 carbon tax for gasoline, about 13 cents per gallon, beginning in 2020
- A $10 per metric ton of CO2 carbon tax for natural gas
- A traditional gas tax of 6 cents per gallon, beginning in 2019
The carbon tax is not bound by the 18th Amendment to the state constitution, and can be used for any purpose legislators decide.Read the Complete Article »