# 117-hr-8572: Carbon Reduction and Tax Credit Act

117-hr-8572, Carbon Reduction and Tax Credit Act, is a 117th 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/117-hr-8572
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-8572
- Congress: 117
- Title: Carbon Reduction and Tax Credit Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2022-07-28
- 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 on coal mines or oil or gas wells equal to $50 per ton of carbon contained in fuel produced at such mines or wells located in the United States, or entered into the United States for consumption, use, or warehousing. It also allows an individual taxpayer (other than a nonresident alien) a refundable income tax credit equal to $1,000, subject to a phaseout if the taxpayer's adjusted gross income exceeds a certain threshold amount. The dollar amounts in this bill are subject to a inflation adjustment in calendar years after 2023.

## Related bills

- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-7791: Access to Baby Formula Act of 2022
- 117-hr-7077: Empowering the U.S. Fire Administration Act
- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…
- 117-hr-263: Big Cat Public Safety Act

## Sources
- [117-hr-8572 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/8572)

## Related
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-7791: Access to Baby Formula Act of 2022](https://policyrisk.com/legislation/117-hr-7791)
- [117-hr-7077: Empowering the U.S. Fire Administration Act](https://policyrisk.com/legislation/117-hr-7077)
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hr-263: Big Cat Public Safety Act](https://policyrisk.com/legislation/117-hr-263)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-8572 (as of 2025-11-18).