SB 2332: DEPARTMENT OF TAXATION; ENVIRONMENTAL RESPONSE, ENERGY, CARBON EMISSIONS, AND FOOD SECURITY TAX; CARBON EMISSIONS; TAX CREDIT; AGRICULTURAL DEVELOPMENT AND FOOD SECURITY SPECIAL FUND; CARBON EMISSIONS TAX AND DIVIDEND SPECIAL FUND; REPORTS; APPROPRIATION
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-01-15
Current Status:
In Progress
(2026-02-11: The recommendation was not adopted.)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Version:
Reestablishes the Agricultural Development and Food Security Special Fund. Establishes the Carbon Emissions Tax and Dividend Special Fund. Gradually increases the Environmental Response, Energy, Carbon Emissions, and Food Security tax rates and establishes a refundable carbon cashback tax credit to offset increases for most taxpayers. Requires reports to the Legislature. Appropriates funds.
Discussed in Hearing
Feb 11, 2026
Senate Standing Committee on Agriculture and Environment
Feb 11, 2026
Senate Standing Committee on Water, Land, Culture and the Arts
Feb 4, 2026