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Code · BILL · 115th Congress · H.R. 3671 (Introduced in House) — To justly transition away from fossil fuel sources of energy to 100 percent clean energy by 2035, and for other purpo... · Sec. 702

Sec. 702. Recapture of revenue from fossil fuel credit repeal

74 words·~1 min read·/bill/115/hr/3671/ih/section-702

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fossil fuel credit repeal Pursuant to section 302 of this Act, the fossil fuel tax credits that are repealed will be utilized in the following ways: Funds recaptured from the repeal of fossil fuel production tax credits shall be used to fund the programs and activities associated with this Act. Any funds from section 302 of this Act shall be transferred to the OFF Fossil Fuels Fund established in section 701 of this Act.
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