Minnesota Considers Carbon Tax

The Minnesota legislature is considering a statewide carbon tax of $50 per ton on all fuels and electricity consumed in the state, according to the 8 March 1996

Global Environmental Change Report. The law, which is given little chance of passage this year, would tax nuclear-generated electricity but exempt renewable energy sources. The new tax would be revenue-neutral, reducing income and property taxes by an amount equal to the new revenue generated. The tax would increase the price of electricity by about 1.2¢/kWh, the price of gasoline and fuel oil by 13¢/gallon (3¢/liter), and natural gas by 15¢/thousand cubic feet (0.5¢/m³).