summary
Introduced
01/20/2023
01/20/2023
In Committee
01/27/2023
01/27/2023
Crossed Over
Passed
Dead
05/03/2024
05/03/2024
Introduced Session
2023 Regular Session
Bill Summary
Establishes a carbon emissions tax credit. Expands the environmental response, energy, and food security tax to include carbon emissions. Applies to taxable years beginning after 12/31/2023.
AI Summary
This bill establishes a carbon emissions tax credit and expands the environmental response, energy, and food security tax to include carbon emissions. The tax credit, which starts at $65 for single/head of household filers and $130 for joint/surviving spouse filers in 2024 and increases over time, is refundable and designed to offset the impact of the carbon emissions tax on households. The carbon emissions tax is applied to various fossil fuels, with the revenue being used to fund environmental, energy, and food security programs. The bill applies to taxable years beginning after December 31, 2023.
Committee Categories
Agriculture and Natural Resources
Sponsors (6)
Henry Aquino (D)*,
Gilbert Keith-Agaran (D)*,
Angus McKelvey (D)*,
Karl Rhoads (D)*,
Michelle Kidani (D),
Sharon Moriwaki (D),
Last Action
Carried over to 2024 Regular Session. (on 12/11/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1060&year=2024 |
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1060&year=2023 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2024/bills/SB1060_.HTM |
| BillText | https://www.capitol.hawaii.gov/sessions/session2023/bills/SB1060_.HTM |
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