,i #aad? ,,congress #a/ ,session ,h4 ,r4 #dbhc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #ag1 #bjae ,mr4 ,mc,nerney introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to impose a tax on coal1 oil1 & natural gas1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,consum]s ,rebate to ban ,emissions & ,boo/ ,al,ternative ,en]gy ,act or ! ,consum]s ,,rebate ,act4 #b4 ,excise tax on c>bon dioxide cont5t ( coal1 oil1 & natural gas 7a7 ,9 g5]al ,! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+3 ,l ,c>bon dioxide cont5t ( coal1 oil1 & natural gas ,sec4 #iija4 ,imposition ( tax4 ,sec4 #iijb4 ,c>bon equival5cy fee4 ,sec4 #iijc4 ,def9itions4 ,sec4 #iijd4 ,special rules4 #iija4 ,imposition ( tax 7a7 ,9 g5]al ,!re is h]eby impos$ a tax on produc+ at ! wellhead or m9e 9 ! ,unit$ ,/ates1 or import+1 a taxable c>bon sub/ance4 7b7 ,rate ( tax 7#a7 ,9 g5]al ,! tax impos$ "u subsection 7a7 %all be ! applicable am\nt p] ton ( c>bon dioxide cont5t ( ! life-cycle emissions f ! taxable c>bon sub/ance4 7#b7 ,applicable am\nt ,= purposes ( p>agraph 7#a7-- 7,a7 ,= cal5d> ye> #bjaf1 ! t]m applicable am\nt means #ae4 7,b7 ,= a cal5d> ye> aft] #bjaf1 ! t]m applicable am\nt means ! am\nt 9 effect "u subp>agraph 7,a7 = ! prec$+ cal5d> plus #ae4 7#c7 ,t>get atta9m5t ye> 7,a7 ,9 g5]al ,= any cal5d> ye> t is a t>get atta9m5t ye>1 p>agraph 7#b77;,b7 %all be appli$ by sub/itut+ z]o doll>s = #ae4 7,b7 ,t>get atta9m5t ye> ,= purposes ( subp>agraph 7,a71 ! t]m t>get atta9m5t ye> means any cal5d> ye> = :i* ! ,secret>y ( ! ,treasury1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 det]m9es t ! life-cycle emissions f taxable c>bon sub/ances 9 ! ,unit$ ,/ates is #ej p]c5t ( ! life-cycle emissions f taxable c>bon sub/ances 9 ! ,unit$ ,/ates 9 #bjje4 ,ea* det]m9ation "u ! prec$+ ye> %all be made n lat] ?an #ahj days be=e ! beg9n+ ( ! cal5d> ye> to :i* x relates4 7c7 ,by :om paid ,! tax impos$ by subsection 7a7 %all be paid by ! produc]1 m9]1 or import] ( ! taxable c>bon sub/ance4 7d7 ,regulations ,! ,secret>y %all issue su* regulations z may be necess>y or appropriate to c>ry out ?is subtitle1 includ+ regulations relat+ to ! timely & effici5t issuance ( p]mits & collection ( paym5ts = su* p]mits4 #iijb4 ,c>bon equival5cy fee 7a7 ,purpose ,! purpose ( ?is section is to ensure ! environm5tal effectiv5ess ( ?is subtitle4 7b7 ,imports ,! ,secret>y %all impose c>bon equival5cy fees to be collect$ by ! ,commission] responsible = ,u4,s4 ,cu/oms & ,bord] ,control on imports ( goods conta9+ or produc$ us+ a taxable c>bon sub/ance4 ,! am\nt ( ! c>bon equival5cy fee ) respect to ! import ( any good %all be equal to ! co/ t dome/ic produc]s ( a comp>able good incur z a result (-- 7#a7 ! tax impos$ "u section #iija1 & 7#b7 c>bon equival5cy fees impos$ "u ?is subsection on any goods us$ 9 ! production ( su* good4 7c7 ,expiration ,?is section %all cease to h effect at su* "t z & to ! ext5t t-- 7#a7 an int]national agreem5t requir+ c\ntries t emit c>bon dioxide or produce goods conta9+ or us+ taxable c>bon sub/ances to adopt equival5t measures comes into effect1 or 7#b7 ! c\ntry ( export has implem5t$ equival5t measures1 z det]m9$ by ! ,secret>y1 9 consultation ) ! ,secret>y ( ,/ate4 #iijc4 ,def9itions ,= purposes ( ?is subtitle-- 7#a7 ,taxable c>bon sub/ance ,! t]m taxable c>bon sub/ance means-- 7,a7 coal1 7,b7 oil1 & 7,c7 natural gas4 7#b7 ,coal ,! t]m coal includes lignite1 an?racite1 bitum9\s1 subbitum9\s1 peat or o!r =ms ( :at is commonly ref]r$ to z coal produc$ f a m9e4 7#c7 ,oil ,! t]m oil includes crude oil cond5sates1 natural gasol9e1 %ale oil1 any bitum5 or bitum9\s mixture1 any oil d]iv$ f a bitum5 or bitum9\s mixture1 & any oil d]iv$ f k]og5-be>+ s\rces4 7#d7 ,natural gas ,! t]m natural gas means ei!r natural gas unmix$1 or any mixture ( natural & artificial gas4 7#e7 ,life-cycle emissions ,! t]m life-cycle emissions means total life-cycle emissions ( c>bon dioxide f a taxable c>bon sub/ance :i* %all be det]m9$ by ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy4 7#f7 ,unit$ ,/ates ,! t]m ,unit$ ,/ates means ! ,/ates1 & t]ritory or possession ( ! ,unit$ ,/ates1 & ! ,di/rict ( ,columbia4 #iijd4 ,special rules 7a7 ,export ,= purposes ( ?is subtitle-- 7#a7 ,9 g5]al ,no tax %all be impos$ "u section #iija on ! production or m9+ ( a taxable c>bon sub/ance :i* is int5d$ = export1 includ+ ! sale or resale by a pur*as] to a second pur*as] = export4 7#b7 ,pro( ( export requir$ ,rules simil> to ! rules ( section #dbba7;b7 %all apply = purposes ( p>agraph 7#a74 7#c7 ,cr$it or refund :]e tax paid 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 if-- 7i7 tax "u section #iija 0 paid ) respect to any taxable c>bon sub/ance1 & 7ii7 7,i7 su* sub/ance 0 export$ by any p]son1 or 7,,ii7 su* sub/ance 0 us$ z a mat]ial 9 ! manufacture or production ( a sub/ance :i* 0 export$ by any p]son & :i*1 at ! "t ( export1 0 a taxable c>bon sub/ance 7z def9$ 9 section #iijb7a771 cr$it or refund 7)\t int]e/7 ( su* tax %all be all[$ or made to ! p]son :o paid su* tax4 7,b7 ,condition to all[ance ,no cr$it or refund %all be all[$ or made "u subp>agraph 7,a7 unless ! p]son :o paid ! tax e/abli%es t he-- 7i7 has repaid or agre$ to repay ! am\nt ( ! tax to ! p]son :o export$ ! taxable *emical or taxable sub/ance 7z s def9$71 or 7ii7 has obta9$ ! writt5 cons5t ( su* export] to ! all[ance ( ! cr$it or ! mak+ ( ! refund4 7#d7 ,refunds directly to export] ,! ,secret>y %all provide1 9 regulations1 ! circum/ances "u :i* a cr$it or refund 7)\t int]e/7 ( ! tax "u section #iija %all be all[$ or made to ! p]son :o export$ ! taxable c>bon sub/ance1 :]e-- 7,a7 ! p]son :o paid ! tax waives 8 claim to ! am\nt ( su* cr$it or refund1 & 7,b7 ! p]son export+ ! taxable c>bon sub/ance provides su* in=mation z ! ,secret>y may require 9 su* regulations4 7#e7 ,regulations ,! ,secret>y %all prescribe su* regulations z may be necess>y to c>ry out ! purposes ( ?is subsection4 4 7b7 ,qu>t]ly paym5ts to ,eligible ,individuals 7#a7 ,9 g5]al ,f am\nts deposit$ 9 ! ,treasury ( ! ,unit$ ,/ates pursuant to section #iija ( ! ,int]nal ,rev5ue ,code ( #aihf1 ! ,secret>y %all make a paym5t = ea* cal5d> qu>t] to ea* eligible individual4 7#b7 ,qu>t]ly paym5t ,= purposes ( p>agraph 7#a71 ! am\nt ( ea* paym5t ) respect to an eligible individual %all be ! am\nt det]m9$ by ! ,secret>y by divid+-- 7,a7 = ! ye>s #bjag ?r\gh #bjbf-- 7i7 ! total am\nt deposit$ 9 ! ,treasury ( ! ,unit$ ,/ates pursuant to section #iija ( ! ,int]nal ,rev5ue ,code ( #aihf = ! prec$+ cal5d> qu>t]1 by 7ii7 ! total numb] ( eligible individuals = su* prec$+ cal5d> qu>t]1 & 7,b7 = ye> #bjbg & subsequ5t ye>s-- 7i7 ! small] (-- 7,i7 ! av]age ( ! total am\nts deposit$ 9 ! ,treasury ( ! ,unit$ ,/ates pursuant to section #iija ( ! ,int]nal ,rev5ue ,code ( #aihf = ! f\r qu>t]s ( #bjbf1 & 7,,ii7 ! total am\nt deposit$ 9 ! ,treasury ( ! ,unit$ ,/ates pursuant to section #iija ( ! ,int]nal ,rev5ue ,code ( #aihf = ! prec$+ cal5d> qu>t]1 by 7ii7 ! total numb] ( eligible individuals = su* prec$+ cal5d> qu>t]4 7#c7 ,eligible individual ,= purposes ( ?is subsection1 ! t]m eligible individual means1 ) respect to any qu>t]1 any individual ) a valid social security numb] 7o!r ?an a nonresid5t undocum5t$ individual7 :o is lawfully pres5t 9 ! ,unit$ ,/ates = su* qu>t]1 z det]m9$ & v]ifi$ by ! ,secret>y 9 consultation ) any o!r ,f$]al entity ! ,secret>y det]m9es appropriate4 7#d7 ,unit$ ,/ates ,= purposes ( ?is subsection1 ! t]m ,unit$ ,/ates means ! ,/ates1 & t]ritory or possession ( ! ,unit$ ,/ates1 & ! ,di/rict ( ,columbia4 7c7 ,con=m+ & cl]ical am5dm5ts 7#a7 ,! table ( subtitles = ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new item3 ,subtitle ,l4 ,c>bon dioxide cont5t ( coal1 oil1 & natural gas 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all take effect on ,janu>y #a1 #bjag4