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American Opportunity Carbon Fee Act of 2017
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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vs 3,805 other S bills in the 115th — cohort avg 41d
American Opportunity Carbon Fee Act of 201 7 This bill amends the Internal Revenue Code to impose fees on: (1) fossil fuel products producing carbon dioxide emissions, including coal, petroleum products, and natural gas; (2) fluorinated greenhouse gases; (3) emissions of any greenhouse gas from any greenhouse gas emissions source; and (4) associated emissions (attributable to venting, flaring, and leakage across the supply chain). The bill directs the Department of the Treasury to: establish, implement, and report on a program to identify all major source categories of associated emissions and collect data on associated emissions from the coal, petroleum products, and natural gas supply chains; make specified adjustments to the new fees for importers and exporters of energy-intensive manufactured goods; make a specified payment each calendar year to certain Social Security beneficiaries, veterans, and disabled individuals; make cost mitigation grants to states to assist low-income and rural households and provide job training and worker transition assistance; and establish a website to make regular disclosures concerning revenue, tax savings, and benefits attributable to this bill. The bill also: (1) reduces the maximum income tax rate on corporations to 29% of taxable income over $75,000; and (2) allows a new carbon fee offset tax credit for the lesser of: 6.2% of earned income, or $550.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (3)
2018 · third_quarter · Taxation/Internal Revenue Code
- Carbon Tax - H.R. 2014; H.R.6463; S. 1639; H.Con.Res.119 - Electric Vehicle Tax Credit - H.R. 6274
Client expense: $710,000 · Firm income: Not reported
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: Commerce, Dept of (DOC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Natl Highway Traffic Safety Administration (NHTSA), Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE, Transportation, Dept of (DOT), White House Office
2018 · second_quarter · Taxation/Internal Revenue Code
- Carbon Tax (H.R. 2014; S. 1639; H.Con.Res.119)
Client expense: $770,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE, Transportation, Dept of (DOT), White House Office
2018 · first_quarter · Taxation/Internal Revenue Code
- Comprehensive Tax Reform (P.L. 115-97) - Oil and Gas Tax Issues: LIFO Repeal; Retention of MACRS; MLP Structure - Carbon Tax (H.R. 2014; S. 1639)
Client expense: $1,270,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Council of Economic Advisers (CEA), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Office of the Vice President of the United States, SENATE, White House Office
2017 · fourth_quarter · Taxation/Internal Revenue Code
HR 1: An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018; provisions related to corporate and energy taxes S. 1639: American Opportunity Carbon Fee Act of 2017; all provisions related to revenue and funding S. 1663: CO2 Regulatory Certainty Act; provisions related to sequestration Discussions related to revenue and funding proposals and a comprehensive, territorial system Discussions related to Internal Revenue Code (26 U.S.C. 45Q) credit for sequestration Discussions related to tax and trade issues
Client expense: $2,690,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2017 · fourth_quarter · Taxation/Internal Revenue Code
- Comprehensive Tax Reform (H.R. 1) - Oil and Gas Tax Issues: LIFO Repeal (H.R. 1), Section 199 Repeal (H.R. 1); Retention of MACRS (H.R. 1); MLP Structure (H.R. 1) - International Financial Reporting Standards (no bill) - Carbon Tax (H.R. 2014; S. 1639)
Client expense: $780,000 · Firm income: Not reported
Government targets: Council of Economic Advisers (CEA), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Treasury, Dept of
2017 · fourth_quarter · Energy/Nuclear
S. 79 Securing Energy Infrastructure Act DOE Grid Study S. 1460 Energy and Natural Resources Act S. 1639 American Opportunity Carbon Fee Act S. 2232 Next Generation GRID Act
Client expense: $170,000 · Firm income: Not reported
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of
2017 · third_quarter · Taxation/Internal Revenue Code
S. 1639: American Opportunity Carbon Fee Act of 2017; all provisions related to revenue and funding S. 1663: CO2 Regulatory Certainty Act; provisions related to sequestration Discussions related to House Ways and Means Committee's Tax Blueprint; all corporate provisions Discussions related to revenue and funding proposals and comprehensive, territorial system Discussions related to Internal Revenue Code (26 U.S.C. 45Q) credit for sequestration Discussions related to tax reform
Client expense: $2,630,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Institute of Standards & Technology (NIST), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR), White House Office