PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S4031-4033)
Congressional Research Service
Version 00 · Introduced in Senate · Jun 10, 2015
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.
Showing the opening paragraphs of the official summary.
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.
People & committees
Sen. Whitehouse, Sheldon [D-RI] · D–RI
Legislative record
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Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S4031-4033)
Introduced in Senate
Primary sources
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Source last updated: Aug 12, 2025. Consult Congress.gov for the current record.
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