LC 2.20 Lincoln Carbon Taxation Act (Statute)

[Former President tack50]

Councillors, a FINAL vote is now open on the following legislation

Lincoln Carbon taxation act
AN ACT to combat climate change through the taxation of carbon

Title I (Title of the Act)
i. The full name of this act is the "Lincoln Carbon Taxation Act of 2019"

Title II (Taxation Procedure)
i. This act shall place a tax of $20 on fossil fuel companies for every ton of carbon they extract from the ground, with the tax rising 2% each year. This means that in 2020 the tax would be $20.40, in 2021 it would be $20.81, etc.

Title III (Revenue Collection)
i. The tax will raise 35.03 billion dollars in revenue in its first year, and the amount of revenue raised will continue to go up each year as the tax increases.

Title IV (CO2 Emissisons)
i. The tax will reduce CO2 emissions by 77 million metric tons in its first year of implementation, and the amount of CO2 emissions reduced will continue to go up each year as the tax increases.

Title V (Implementation)
i. All titles of this act will be immediately implemented after the passage of this act into law.

Please vote AYE, NAY or Abstain
This vote shall last for 48 hours or until all Councillors have voted

[Former President tack50]

Aye

[Pyro]

Aye

[S019]

Aye


Sadly, the left will raise taxes, and I'd rather said hikes, fight climate change, than raise people's income or property taxes

[lfromnj]

Aye

Taxes based on true public property(the air) are better than taxes made on private property and I know that taxes will be raised.

[Adam Griffin]

Aye

[Sirius_]

Aye

[Former President tack50]

The FINAL vote on LC 2.20 Lincoln Carbon Taxation Act is now closed

Aye: 6 (tack50, Pyro, SNJC, lfromnj, Griffin, Zaybay)
Abstain: 0
Nay: 1 (thr33)
Not voting: 2 (Dipper Josh, Ninja)

So this bill passes

[Peanut]

I really like this bill as passed, Councillors. A particularly good piece of legislation.