Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Consumers Rebate to ban Emissions
and Boost AlTernative Energy Act'' or the ''Consumers REBATE Act''.

SEC. 2. EXCISE TAX ON CARBON DIOXIDE CONTENT OF COAL, OIL, AND NATURAL
GAS.

(a) In General.--The Internal Revenue Code of 1986 is amended by
adding at the end the following:

''Subtitle L--Carbon Dioxide Content of Coal, Oil, and Natural Gas

''Sec. 9901. Imposition of tax.
''Sec. 9902. Carbon equivalency fee.
''Sec. 9903. Definitions.
''Sec. 9904. Special rules.

''SEC. 9901. IMPOSITION OF TAX.

''(a) In General.--There is hereby imposed a tax on producing at
the wellhead or mine in the United States, or importing, a taxable
carbon substance.
''(b) Rate of Tax.--
''(1) In general.--The tax imposed under subsection (a)
shall be the applicable amount per ton of carbon dioxide
content of the life-cycle emissions from the taxable carbon
substance.
''(2) Applicable amount.--For purposes of paragraph (1)--
''(A) For calendar year 2016, the term 'applicable
amount' means $15.
''(B) For a calendar year after 2016, the term
'applicable amount' means the amount in effect under
subparagraph (A) for the preceding calendar plus $15.
''(3) Target attainment year.--
''(A) In general.--For any calendar year that is a
target attainment year, paragraph (2)(B) shall be
applied by substituting 'zero dollars' for '$15'.
''(B) Target attainment year.--For purposes of
subparagraph (A), the term 'target attainment year'
means any calendar year for which the Secretary of the
Treasury, in consultation with the Administrator of the
Environmental Protection Agency, determines that the
life-cycle emissions from taxable carbon substances in
the United States is 50 percent of the life-cycle
emissions from taxable carbon substances in the United
States in 2005. Each determination under the preceding
year shall be made not later than 180 days before the
beginning of the calendar year to which it relates.
''(c) By Whom Paid.--The tax imposed by subsection (a) shall be
paid by the producer, miner, or importer of the taxable carbon
substance.
''(d) Regulations.--The Secretary shall issue such regulations as
may be necessary or appropriate to carry out this subtitle, including
regulations relating to the timely and efficient issuance of permits
and collection of payments for such permits.

''SEC. 9902. CARBON EQUIVALENCY FEE.

''(a) Purpose.--The purpose of this section is to ensure the
environmental effectiveness of this subtitle.
''(b) Imports.--The Secretary shall impose carbon equivalency fees
to be collected by the Commissioner responsible for U.S. Customs and
Border Control on imports of goods containing or produced using a
taxable carbon substance. The amount of the carbon equivalency fee with
respect to the import of any good shall be equal to the cost that
domestic producers of a comparable good incur as a result of--
''(1) the tax imposed under section 9901, and
''(2) carbon equivalency fees imposed under this subsection
on any goods used in the production of such good.
''(c) Expiration.--This section shall cease to have effect at such
time as and to the extent that--
''(1) an international agreement requiring countries that
emit carbon dioxide or produce goods containing or using
taxable carbon substances to adopt equivalent measures comes
into effect, or
''(2) the country of export has implemented equivalent
measures, as determined by the Secretary, in consultation with
the Secretary of State.

''SEC. 9903. DEFINITIONS.

''For purposes of this subtitle--
''(1) Taxable carbon substance.--The term 'taxable carbon
substance' means--
''(A) coal,
''(B) oil, and
''(C) natural gas.
''(2) Coal.--The term 'coal' includes lignite, anthracite,
bituminous, subbituminous, peat or other forms of what is
commonly referred to as coal produced from a mine.
''(3) Oil.--The term 'oil' includes crude oil condensates,
natural gasoline, shale oil, any bitumen or bituminous mixture,
any oil derived from a bitumen or bituminous mixture, and any
oil derived from kerogen-bearing sources.
''(4) Natural gas.--The term 'natural gas' means either
natural gas unmixed, or any mixture of natural and artificial
gas.
''(5) Life-cycle emissions.--The term 'life-cycle
emissions' means total life-cycle emissions of carbon dioxide
from a taxable carbon substance which shall be determined by
the Administrator of the Environmental Protection Agency.
''(6) United states.--The term 'United States' means the
States, and territory or possession of the United States, and
the District of Columbia.

''SEC. 9904. SPECIAL RULES.

''(a) Export.--For purposes of this subtitle--
''(1) In general.--No tax shall be imposed under section
9901 on the production or mining of a taxable carbon substance
which is intended for export, including the sale or resale by a
purchaser to a second purchaser for export.
''(2) Proof of export required.--Rules similar to the rules
of section 4221(b) shall apply for purposes of paragraph (1).
''(3) Credit or refund where tax paid.--
''(A) In general.--Except as provided in
subparagraph (B), if--
''(i) tax under section 9901 was paid with
respect to any taxable carbon substance, and
''(ii)(I) such substance was exported by
any person, or
''(II) such substance was used as a
material in the manufacture or production of a
substance which was exported by any person and
which, at the time of export, was a taxable
carbon substance (as defined in section
9902(1)),
credit or refund (without interest) of such tax shall
be allowed or made to the person who paid such tax.
''(B) Condition to allowance.--No credit or refund
shall be allowed or made under subparagraph (A) unless
the person who paid the tax establishes that he--
''(i) has repaid or agreed to repay the
amount of the tax to the person who exported
the taxable chemical or taxable substance (as
so defined), or
''(ii) has obtained the written consent of
such exporter to the allowance of the credit or
the making of the refund.
''(4) Refunds directly to exporter.--The Secretary shall
provide, in regulations, the circumstances under which a credit
or refund (without interest) of the tax under section 9901
shall be allowed or made to the person who exported the taxable
carbon substance, where--
''(A) the person who paid the tax waives his claim
to the amount of such credit or refund, and
''(B) the person exporting the taxable carbon
substance provides such information as the Secretary
may require in such regulations.
''(5) Regulations.--The Secretary shall prescribe such
regulations as may be necessary to carry out the purposes of
this subsection.''.
(b) Quarterly Payments to Eligible Individuals.--
(1) In general.--From amounts deposited in the Treasury of
the United States pursuant to section 9901 of the Internal
Revenue Code of 1986, the Secretary shall make a payment for
each calendar quarter to each eligible individual.
(2) Quarterly payment.--For purposes of paragraph (1), the
amount of each payment with respect to an eligible individual
shall be the amount determined by the Secretary by dividing--
(A) for the years 2017 through 2026--
(i) the total amount deposited in the
Treasury of the United States pursuant to
section 9901 of the Internal Revenue Code of
1986 for the preceding calendar quarter, by
(ii) the total number of eligible
individuals for such preceding calendar
quarter, and
(B) for year 2027 and subsequent years--
(i) the smaller of--
(I) the average of the total
amounts deposited in the Treasury of
the United States pursuant to section
9901 of the Internal Revenue Code of
1986 for the four quarters of 2026, and
(II) the total amount deposited in
the Treasury of the United States
pursuant to section 9901 of the
Internal Revenue Code of 1986 for the
preceding calendar quarter, by
(ii) the total number of eligible
individuals for such preceding calendar
quarter.
(3) Eligible individual.--For purposes of this subsection,
the term ''eligible individual'' means, with respect to any
quarter, any individual with a valid social security number
(other than a nonresident undocumented individual) who is
lawfully present in the United States for such quarter, as
determined and verified by the Secretary in consultation with
any other Federal entity the Secretary determines appropriate.
(4) United states.--For purposes of this subsection, the
term ''United States'' means the States, and territory or
possession of the United States, and the District of Columbia.
(c) Conforming and Clerical Amendments.--
(1) The table of subtitles for the Internal Revenue Code of
1986 is amended by adding at the end the following new item:

''Subtitle L. Carbon Dioxide Content of Coal, Oil, and Natural Gas''.

(d) Effective Date.--The amendments made by this section shall take
effect on January 1, 2017.
Output:
Consumers Rebate to ban Emissions and Boost AlTernative Energy Act or the Consumers REBATE Act This bill amends the Internal Revenue Code to impose as of January 1, 2017, an excise tax on the production or importation of a taxable carbon substance (i.e., coal, oil, and natural gas), payable by the producer, miner, or importer of such substance. The tax does not apply to exports of a taxable carbon substance. The bill requires the Department of the Treasury to: (1) impose carbon equivalency fees on imports of goods containing or produced using a taxable carbon substance; and (2) make quarterly payments, from the amounts deposited pursuant to imposition of the carbon excise tax, to lawful residents of the United States with a valid social security number.