SB+42

SB 42

__**Title**:__ Fossil Fuels: Old School

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__**Sponsors:**__ **SMANTHOOTH** (NV, D), **BBLAKEWAY** (ID, D) , and **JLUBELL** (WV, D) ======

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__**Purpose:**__ To minimize the funding given to big auto companies in order to bail them out and to maximize the funding of auto companies that create environmentally friendly cars that do not have the funds needed to make their products. Ultimately this creates more jobs for our country.======

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__**Eligibility:**__ All of the automobile companies must have their headquarters based in America. The company must apply to receive the funding. The automobile company must make electric automobiles, and the vehicles should run on little to no gas. This funding is also be available to automobile companies that are willing to start research on and produce electric automobiles, or if the companies are willing to increase the mile per gallon on their vehicles.====== __**Terms and Benefits:**__ If the auto company receives this funding, they must hire more employees within the first six months of receiving the funds. The company must start research on electric cars within the first six months. The vehicles produced by the company must have a minimum of **40 MPG** per gallon if it runs on gas. Funding will be provided to companies for five years. Funding may continue for more than five years if the sales show a steady increase of at least 6% (average) per year. Also, there will be a 125% increased tax on **Gasoline**, and there will be zero tax on electric cars. **The Gas Tax will be used for funding this program.** The company should try as hard as it can to maximize the amount of materials that can be recycled and minimize energy consumption utilized during the transportation and recycling process.

__**Fiscal Impact:**__
Total- $15,609,180,000
 * Marketing || 30 second national commericials || To inform public about bill || $2,000,000 || $500,000 for each major station (NBC, CBS, ABC, FOX) ||
 * Energy || battery recycling centers || To recycle batteries in cars || $6,180,000 || $60,000 each center. 2 in each state and 3 in CA, TX, and FL ||
 * Legal || Lawyers || For any legal problems that may happen || $1,000,000 || Depending on the size of the case (state or national) ||
 * Other || money to invest || to give companies money || $15,600,000,000 || In order to provide funding to companies of different sizes. ||  ||