# 116-hr-5457: Carbon Reduction and Tax Credit Act

116-hr-5457, Carbon Reduction and Tax Credit Act, is a 116th 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/116-hr-5457
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-5457
- Congress: 116
- Title: Carbon Reduction and Tax Credit Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2019-12-17
- 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 imposes 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 that the dollar amounts of the credit be adjusted for inflation and specifies that nonresident aliens are ineligible for the credit.

## Related bills

- 116-hr-8856: To award a Congressional Gold Medal to the Freedom Riders, collectively, in recognition of their unique contribution to Civil Rights, which inspired a revoluti…
- 116-hr-8782: Keeping All Students Safe Act
- 116-hr-8699: Erie Canalway National Heritage Corridor Commission Reauthorization Act
- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-8598: Emergency Social Security COLA for 2021 Act
- 116-hr-8543: Power Line Resiliency Act

## Sources
- [116-hr-5457 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/5457)

## Related
- [116-hr-8856: To award a Congressional Gold Medal to the Freedom Riders, collectively, in rec…](https://policyrisk.com/legislation/116-hr-8856)
- [116-hr-8782: Keeping All Students Safe Act](https://policyrisk.com/legislation/116-hr-8782)
- [116-hr-8699: Erie Canalway National Heritage Corridor Commission Reauthorization Act](https://policyrisk.com/legislation/116-hr-8699)
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-8598: Emergency Social Security COLA for 2021 Act](https://policyrisk.com/legislation/116-hr-8598)
- [116-hr-8543: Power Line Resiliency Act](https://policyrisk.com/legislation/116-hr-8543)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-5457 (as of 2025-11-18).