VA HB 847
Status unknownExtreme Weather Taxpayer Protection Program and Fund; established.
Virginia · 2026 Regular Session · lower
Quick answers
Did VA HB 847 pass?
The current status of VA HB 847 is not known from the official record. Latest recorded action (2026-02-18): Left in Labor and Commerce
What is VA HB 847 about?
Extreme Weather Taxpayer Protection Program and Fund established. Establishes the Extreme Weather Taxpayer Protection Program and Fund, administered by the Department of Conservation and Recreation, for the purpose of holding parties responsible for covered greenhouse gas emissions between the covered period of January 1, 1995, and December 31, 2025, for the parties' share of the Commonwealth's costs due to climate change. The bill defines responsible parties as fossil fuel extractors or crude oil refiners causing emissions of one billion metric tons or more of covered greenhouse gases during the covered period. Under the bill, responsible parties are strictly liable for cost recovery payments to the Commonwealth. The bill requires the State Treasurer to conduct an assessment of the costs to the Commonwealth and its residents of the emissions of covered greenhouse gases during the covered period. The bill establishes the Extreme Weather Relief Fund into which the cost recovery payments from responsible entities are deposited and used to pay for extreme weather relief projects, as defined in the bill.
Who sponsors VA HB 847?
Rae Cousins is the primary sponsor of VA HB 847, joined by 12 cosponsors.
Description
Extreme Weather Taxpayer Protection Program and Fund established. Establishes the Extreme Weather Taxpayer Protection Program and Fund, administered by the Department of Conservation and Recreation, for the purpose of holding parties responsible for covered greenhouse gas emissions between the covered period of January 1, 1995, and December 31, 2025, for the parties' share of the Commonwealth's costs due to climate change. The bill defines responsible parties as fossil fuel extractors or crude oil refiners causing emissions of one billion metric tons or more of covered greenhouse gases during the covered period. Under the bill, responsible parties are strictly liable for cost recovery payments to the Commonwealth. The bill requires the State Treasurer to conduct an assessment of the costs to the Commonwealth and its residents of the emissions of covered greenhouse gases during the covered period. The bill establishes the Extreme Weather Relief Fund into which the cost recovery payments from responsible entities are deposited and used to pay for extreme weather relief projects, as defined in the bill.
- Introduced
- 2026-01-13
- Latest action
- 2026-02-18 — Left in Labor and Commerce
- Bill type
- bill
- Last updated
- —
Sponsors
- Rae Cousinsprimary
- Charlie Schmidtcosponsor
- Sam Rasoulcosponsor
- Marty Martinezcosponsor
- Paul E. Krizekcosponsor
- Patrick A. Hopecosponsor
- Irene Shincosponsor
- Elizabeth R. Guzmancosponsor
- Nicole Colecosponsor
- Nadarius E. Clarkcosponsor
- Katrina Callsencosponsor
- Bonita G. Anthonycosponsor
- Rozia A. Henson, Jr.cosponsor
Committees
Not provided by source.
Action timeline
2026-01-13
Prefiled and ordered printed; Offered 01-14-2026 26101053D
filing,introduction
2026-01-13
Referred to Committee on Labor and Commerce
referral-committee
2026-01-28
Fiscal Impact Statement from Department of Planning and Budget (HB847)
2026-02-18
Left in Labor and Commerce
Versions
Documents
Votes
Not provided by source.
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z
Inspect retained evidence for changes recorded after evidence tracking began:
Use this data
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Known limitations
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