H.R. 2014: Tax Pollution, Not Profits Act
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H.R. 2014: Tax Pollution, Not Profits Act
115th Congress · introduced 2017-04-06 · Taxation · Latest: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Follow this bill, step by step
- Where it came from: introduced 2017-04-06 · official record
- Who proposed it: Rep. Delaney, John K. [D-MD-6] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Tax Pollution, Not Profits Act
Plain summary
Tax Pollution, Not Profits Act This bill amends the Internal Revenue Code to impose an excise tax on certain greenhouse gas emissions. The tax is equal to $30 per metric ton of carbon dioxide or carbon dioxide equivalent in 2018, increasing each subsequent year at 4% above inflation. The Internal Revenue Service must: (1) provide certain refunds of the tax to account for the capture and permanent sequestration of greenhouse gas emissions, and (2) adjust the tax to account for goods that are exported or imported. The bill amends the Social Security Act to establish a Low-Income Energy Cost Mitigation Program to provide an energy refund amount to certain low and middle-income households to compensate such households for increases in energy costs due to this bill. The Department of Labor may use up to 2% of the revenues generated by this bill to implement a program to assist displaced workers in the coal industry. The bill also provides for a gradual reduction in the corporate income tax rate to 32% in taxable years beginning in 2018 and 28% in taxable years beginning after 2021. The bill requires the Department of the Treasury to establish a website to make information regarding the amount and sources of revenue attributable to this bill publicly available.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
Tax Pollution, Not Profits Act
Source: Congressional Research Service summary (Introduced in House)
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The strongest published arguments
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Alternatives
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Delaney, John K. [D-MD-6] · 2 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (2)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
- Securities
- Financial investments that can be bought and sold, such as stocks and bonds.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115hr2014.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/hr>
Record fed-us-cong115-hr2014 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115