# 115-hr-6605: Carbon Reduction and Tax Credit Act

115-hr-6605, Carbon Reduction and Tax Credit Act, is a 115th Congress bill sponsored by Rep. Maloney, Sean Patrick [D-NY-18] (D-NY); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-6605
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-6605
- Congress: 115
- Title: Carbon Reduction and Tax Credit Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2018-07-26
- Sponsor: Rep. Maloney, Sean Patrick [D-NY-18] (D-NY)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Carbon Reduction and Tax Credit Act This bill amends the Internal Revenue Code to impose an excise tax based on the carbon content of fuel. The tax is equal to $40 per ton of carbon contained in fuel: (1) produced at a coal mine or an oil or gas well located in the United States; or (2) entered into the United States for consumption, use, or warehousing. The bill requires the tax rate to be adjusted for inflation. The bill also allows a refundable tax credit of up to $1,000 for each individual taxpayer and each dependent of the taxpayer. The credit must be reduced by a specified amount if the taxpayer's adjusted gross income exceeds $314,000 ($157,000 in the case of a return other than a joint return). The bill requires the dollar amounts for the credit to be adjusted for inflation and specifies that nonresident aliens are ineligible for the credit.

## Related bills

- 115-hr-7293: To designate the facility of the United States Postal Service located at 770 Ayrault Road in Fairport, New York, as the "Louise and Bob Slaughter Post Office".
- 115-hr-7228: Reproductive Rights are Human Rights Act of 2018
- 115-hr-7144: Veteran Debt Fairness Act of 2018
- 115-hr-7124: Keeping All Students Safe Act
- 115-hr-7107: Shirley Chisholm Congressional Gold Medal Act
- 115-hr-7062: Never Forget the Heroes: Permanent Authorization of the September 11th Victim Compensation Fund Act

## Sources
- [115-hr-6605 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/6605)

## Related
- [115-hr-7293: To designate the facility of the United States Postal Service located at 770 Ay…](https://policyrisk.com/legislation/115-hr-7293)
- [115-hr-7228: Reproductive Rights are Human Rights Act of 2018](https://policyrisk.com/legislation/115-hr-7228)
- [115-hr-7144: Veteran Debt Fairness Act of 2018](https://policyrisk.com/legislation/115-hr-7144)
- [115-hr-7124: Keeping All Students Safe Act](https://policyrisk.com/legislation/115-hr-7124)
- [115-hr-7107: Shirley Chisholm Congressional Gold Medal Act](https://policyrisk.com/legislation/115-hr-7107)
- [115-hr-7062: Never Forget the Heroes: Permanent Authorization of the September 11th Victim C…](https://policyrisk.com/legislation/115-hr-7062)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-6605 (as of 2025-11-18).