Energy tax
An energy tax is a
United States
In 1993, then President
Colorado
On 7 November 2006, citizens of Boulder, Colorado (a city with roughly 100,000 residents situated in the foothills of the Rocky Mtns) voted in favor of initiative 202, the Boulder Climate Action Plan Tax. That marks the first time in the nation that a municipal government has imposed an energy tax directly upon its residents to combat global warming. It applies to energy consumption with deductions for carbon-neutral and renewable energy sources (such as Xcel Energy’s WindSource).
The tax appears on consumer's energy bills and is used to fund the city’s Office of Environmental Affairs that is in charge of programs designed to reduce Boulder's carbon footprint.
The CAP tax is to generate roughly $1 million annually. The City Council has the authority to increase the rates as needed. As of October 2009, the rate is assigned as follows:[6]
Electricity User Type | Tax Rate | Average Annual Tax |
---|---|---|
Residential | $0.0049/kWh | $21 |
Commercial | $0.0009/kWh | $94 |
Industrial | $0.0003/kWh | $9,600 |
See also
- Carbon fee and dividend
- Carbon tax
- Ecotax
- Energy Tax Act of 1978
- Energy Policy Act of 2005
- Fuel economy in automobiles
- H.R. 1424
References
- ISBN 978-0-521-56854-8.
- ^ Nellor, D.C.L. (16 May 1994). "Energy Taxes and Macroeconomic Policy Objectives. Series: Papers on Policy Analysis and Assessment No. 94/9. Stock No: PPIEA0091994". International Monetary Fund, Fiscal Affairs Department. Retrieved 2010-04-23.
- ^ Baron, R. (1997). "Economic/Fiscal Instruments: Taxation (i.e., Carbon/Energy). Annex I Expert Group on the United Nations Framework Convention on Climate Change, Working Paper No. 4, Organisation for Economic Co-operation and Development" (PDF). OECD website. Retrieved 2010-04-22.
- ^ Hilzenrath, David S. "Miscalculations, Lobby Effort Doomed Btu Tax Plan." The Washington Post (June 11, 1993).
- ^ Nordhaus, Ted. "Getting Real on Climate Change," The American Prospect (December 1, 2008).
- ^ "Climate Action Plan Tax". City of Boulder, Colorado (www.bouldercolorado.gov). 2009-10-15. Archived from the original on 2009-11-17. Retrieved 2010-01-28.