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S 2638

New York Senate bill in Session 2025-2026.

Status: in_committee. Latest action: May 6, 2026.

Relates to proceeds from the auction or sale of carbon dioxide emission allowances.

Bill ID NY-2025-2026-S-2638
Session 2025-2026
Status in_committee
Committee Finance
Senate in_committee 2026-05-06
Environment / Climate Tax / Budget / Appropriations
Summary

Prohibits proceeds from the auction or sale of carbon dioxide emission allowances pursuant to New York's participation in the regional greenhouse gas initiative (RGGI) from being transferred into the state general fund; provides that if such proceeds are transferred to the state general fund, they shall be used for the purposes directed by the RGGI.

Sponsor
Rachel May
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-22 Introduced Bill introduced
2026-05-06 Status in_committee
2026-05-06 Latest Action In Senate Committee
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