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Assessable Person

A company or entity that is required to pay a specific tax or fee under the law.

Covered Carbon Dioxide Emissions

The total amount of carbon dioxide released into the atmosphere from a company's fossil fuel extraction or crude oil refining activities during a specific time period (in this bill, 2000-2023).

Fossil Fuel

Natural fuels like coal, oil, and natural gas, formed from the remains of living organisms over millions of years, which release carbon dioxide when burned.

Covered Period

A specific timeframe designated in the bill during which certain activities or emissions are measured (in this bill, January 1, 2000, to December 31, 2023).

Successor in Interest

A person or entity that takes over the rights or responsibilities of another, such as through a merger or acquisition.

Joint and Several Liability

A legal concept where multiple parties are each individually responsible for the entire amount of a debt or obligation, but the debt can only be collected once. If one party pays, the others are relieved of their responsibility for that amount.