An Act relating to the climate change response fund and grant program; relating to a new oil surcharge; and providing for an effective date.

Summary

The bill adds a new surcharge of twenty cents per barrel of oil that producers must pay each month, on top of existing oil taxes. It also changes how production tax credits can be used, preventing them from offsetting this surcharge. The measure targets oil producers and aims to generate revenue for climate‑change response efforts.

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