Four proposals to price carbon emissions and simultaneously boost the economy have been introduced in Vermont. The bills vary in how they would allocate revenue from a carbon price and the key provisions are included below along with a link to the bill.
H.528: Would double the earned income tax credit for low-income Vermont residents, while exempting businesses earning $400,000 or less from paying income tax.
H.531: Would establish a carbon pollution fee in Vermont and return revenue to state residents.
H.532: Would replace statewide education tax revenue with a fee on carbon dioxide pollution.
H.533: Would eliminate Vermont’s sales and use tax and replace with a carbon fee on corporations.