New York S01347 establishes a carbon dioxide emissions price for electric generation from carbon-based fuel and creates a carbon dioxide emissions.

New York S01347 amends the tax law by adding a new article establishing a carbon dioxide emissions price for electric generation from carbon-based fuel. The Department of Environmental Conservation is tasked with determining and establishing this price, which incorporates the social cost of carbon. The bill also creates a carbon dioxide emissions fund, administered by the Office of Climate Change, to which revenues from the emissions price will be deposited.

New York S01347 establishes a carbon dioxide emissions price for electric generation from carbon-based fuel and creates a carbon dioxide emissions.

New York S01347 amends the tax law by adding a new article establishing a carbon dioxide emissions price for electric generation from carbon-based fuel. The Department of Environmental Conservation is tasked with determining and establishing this price, which incorporates the social cost of carbon. The bill also creates a carbon dioxide emissions fund, administered by the Office of Climate Change, to which revenues from the emissions price will be deposited.