Bill > HB2178

This bill establishes a carbon cashback program in Hawaii. It amends the existing environmental response, energy, and food security tax to address carbon emissions, incrementally increasing the tax rate over time. The bill also establishes a refundable tax credit to mitigate the effect of the carbon emissions tax on Hawaii's residents. The tax revenue collected will be used to administer the tax and credits, as well as increase public awareness of the program. Resident taxpayers will receive equal shares of the previous year's tax revenue through the refundable tax credits, with higher amounts for individuals and lower amounts for dependents. The goal is to reduce greenhouse gas emissions while providing financial relief to Hawaii's residents.