United States · Bill · S
S. 1548 (114th)
American Opportunity Carbon Fee Act of 2015
Introduced
10 June 2015
Last action
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Status
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S4031-4033)
Sponsors
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Subjects
Discovery layer
Source updated
12 August 2025
Summary
American Opportunity Carbon Fee Act of 2015 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) methane emissions. Directs the Department of the Treasury to: (1) establish, implement, and report on a program to collect data on methane emissions by major non-natural sources, including emissions attributable to the extraction and distribution of coal, petroleum products, and natural gas; (2) pay a refund of fees imposed by this Act to exporters of energy-intensive manufactured goods; (3) make one $500 payment each calendar year to certain social security beneficiaries, veterans, and disabled individuals; (4) make cost mitigation grants to states to assist low-income and rural households and provide job training and worker transition assistance; and (5) establish a website to make regular disclosures concerning revenue, tax savings, and benefits attributable to this Act. Reduces the maximum income tax rate on corporations to 29% of taxable income over $75,000. Allows a new carbon fee offset tax credit for the lesser of: (1) 6.2% of earned income, or (2) $500.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 10 June 2015
Introduced in Senate (PDF)
Introduced in Senate · EN · 10 June 2015
Introduced in Senate
summary · EN · 10 June 2015
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Sources
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- Official source: https://www.congress.gov/bill/114th-congress/senate-bill/1548
- Open data entity: https://api.congress.gov/v3/bill/114/s/1548