SB420
Extreme Weather Taxpayer Protection Program and Fund; established.
Status:
Killed
Latest Action:
Feb. 3, 2026
Senate:
Chief Patron:
Jennifer Boysko (D)
Session:
2026 Regular Session
Summary
As Introduced. Extreme Weather Taxpayer Protection Program and Fund established.
Establishes the Extreme Weather Taxpayer Protection Program and Fund, administered by the Department of Conservation and Recreation, for the purpose of holding parties responsible for covered greenhouse gas emissions between the covered period of January 1, 1995, and December 31, 2025, for the parties' share of the Commonwealth's costs due ... (More) to climate change. The bill defines responsible parties as fossil fuel extractors or crude oil refiners causing emissions of one billion metric tons or more of covered greenhouse gases during the covered period. Under the bill, responsible parties are strictly liable for cost recovery payments to the Commonwealth. The bill requires the State Treasurer to conduct an assessment of the costs to the Commonwealth and its residents of the emissions of covered greenhouse gases during the covered period. The bill establishes the Extreme Weather Relief Fund into which the cost recovery payments from responsible entities are deposited and used to pay for extreme weather relief projects, as defined in the bill. (Less)-
Bill History
- 01/13/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26100771D
- 01/13/2026 - Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
- 01/28/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB420)
- 02/03/2026 - Senate: Failed to report (defeated) in Agriculture, Conservation and Natural Resources (6-Y 8-N)
- 02/03/2026 - Senate:
