Bill
SF 2288
Overview: Bill Number: SF 2288, Title: Certain businesses pollution control surcharge provision, Status: Referred to Taxes, Introduced: March 10, 2025, Classification: bill, Subjec
Overview: Bill Number: SF 2288, Title: Certain businesses pollution control surcharge provision, Status: Referred to Taxes, Introduced: March 10, 2025, Classification: bill, Subject: Pollution and Pollution Control Agency, Taxation-Corporate, Taxation-Income
Purpose and Intent: The main goal of this bill is to establish a new pollution control surcharge on certain businesses in the state. The surcharge is intended to incentivize reduced emissions and environmental remediation efforts.
Key Provisions:
- Imposes a 2% surcharge on the corporate income tax liability of businesses that emit over 10,000 metric tons of greenhouse gases annually
- Exempts businesses that have implemented approved pollution control technologies or offset a majority of their emissions
- Directs revenue from the surcharge to a new "Pollution Control Fund" to support environmental cleanup and green infrastructure projects
Affected Parties and Impacts:
- The surcharge would impact an estimated 200-300 of the state's largest industrial and energy companies
- Affected businesses would face higher tax burdens, potentially incentivizing emissions reductions and green investments
- The new Pollution Control Fund could generate tens of millions annually for environmental initiatives
Procedural and Timeline Considerations:
- The bill has been referred to the Taxes committee for further consideration
- If passed, the pollution control surcharge would likely take effect at the start of the next tax year
Compiled from official sources — confirm details with the bill’s official record.
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