Silicon Valley Businesses To Be Hit With Global Warming Tax
02:30 - Thursday 22 May 2008 by Humphrey Cheung
Source: Tom's Hardware US – Keywords: silicon, valley, tax Category : Miscellaneous
Source: Tom's Hardware US – Keywords: silicon, valley, tax Category : Miscellaneous
San Francisco (CA) - A Bay Area air pollution board has voted to levy an annual greenhouse gas tax on area businesses. The nine-county board said the tax will reimburse the costs for conduction global warming impact studies. 2500 businesses will be charged $1.1 million annually for the amount of carbon dioxide, methane or other greenhouse gasses they pump into the air. Most companies will only pay $1 or less, but major polluters like oil refineries could pay up to $180,000 a year.
The measure passed by a 15 to 1 vote with the sole dissenter saying the tax will likely increase in the future and become a burden on the economy
Read more ... Mercury News.
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