(a) Section 1 of chapter 21N of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by inserting, in line 60, after the word “chapter” the following words:- “; or (iii) an economy-wide price on carbon”
(b) Said section 1 of said chapter 21N, as so appearing, is hereby amended by striking out, in line 54, the word:- “or”
(c) Subsection (b) of said section 7 of said chapter 21N of the General Laws, as so appearing, is hereby amended by striking out, in line 15, the word “may” and inserting in place thereof the word:- “shall”
(d) Said subjection (b) of said section 7 of said chapter 21N of the General Laws, as so appearing, is hereby amended by inserting, in line 16, after the word “mechanisms” the word:- “, including, but not limited to, an economy-wide price on carbon,
(e) Said subsection (b) of said section 7 of said chapter 21 of the General Laws, as so appearing, is hereby amended by inserting after the last sentence the following sentences:- “All revenue derived from said economy-wide price on carbon shall be placed into a Clean Energy and Transportation Fund. 20 percent of the fund shall be used for public transportation and energy projects which will reduce carbon emissions and help Massachusetts transition from fossil fuels. The remaining revenue shall be returned to all Massachusetts residents through a revenue rebate program established by the Department of Revenue.
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