Has anyone dug into the MARKET CHOICE Act sufficiently to understand the coverage of oil and point of assessment?
Section 9901 says "(B) for petroleum products, the exit point from the refinery," where as coal is at the mine and Nat Gas at the processing plant.
Section 9902 says refineries and other users of previously taxed fuels will be taxed. Taxing refineries is good if oil isn't taxed before but many of the 'industrial processes' (steel, petrochem, Ammonia, aluminum...) look like they would use previously taxed fuels so is double dipping. The real concern is that Refineries considerable emissions are taxed.
My thought is - If there's a gap in the Market Choice and Point Assessment, should we see if Fitzpatrick's Liaison/constituents want to share our paper with him and have a discussion that we might be able to contribute to?
It's GREAT that Fitzpatrick has reintroduced a Bipartisan Carbon Pricing bill but it seems like there may be a big hole in it.
@Dana Nuccitelli, I'll continue my dive into the MCA and come up with an answer to Bill's question very soon.
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