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Bill > HB1617


HI HB1617

HI HB1617
Relating To Taxation.


summary

Introduced
01/21/2026
In Committee
02/18/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Reestablishes the Agricultural Development and Food Security Special Fund. Renames the Environmental Response, Energy, and Food Security Tax, also known as the barrel tax, as the Environmental Response, Energy, Carbon Emissions, and Food Security Tax; gradually increases barrel tax rates; and allocates portions of barrel tax revenues to the Agricultural Development and Food Security Special Fund, Carbon Emissions Tax and Dividend Special Fund, Airport Revenue Fund, and Boating Special Fund. Establishes a refundable Carbon Cashback Tax Credit and appropriates funds to the Department of Taxation to administer the tax credit. Establishes the Carbon Emissions Tax and Dividend Special Fund to be used in the administration of the barrel tax and Carbon Cashback Tax Credit and for public awareness of the Carbon Cashback Tax Credit. Requires the Department of Taxation to submit reports to the Legislature. Effective 7/1/3000. (HD1)

AI Summary

This bill reestablishes the Agricultural Development and Food Security Special Fund to support agricultural production and processing activities, and renames the Environmental Response, Energy, and Food Security Tax, commonly known as the "barrel tax," to the Environmental Response, Energy, Carbon Emissions, and Food Security Tax, while gradually increasing its rates. A portion of the revenue from this tax will be directed to the newly reestablished Agricultural Development and Food Security Special Fund, a new Carbon Emissions Tax and Dividend Special Fund, the Airport Revenue Fund, and the Boating Special Fund. The bill also creates a refundable Carbon Cashback Tax Credit, which will provide financial relief to taxpayers, and appropriates funds for the Department of Taxation to administer this credit and to raise public awareness about it. The Department of Taxation will be required to submit reports to the Legislature regarding the program's implementation and effectiveness.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (19)

Last Action

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Reyes Oda voting aye with reservations; Representative(s) Alcos, Amato, Garcia, Gedeon, Matsumoto, Muraoka, Pierick voting no (7) and none excused (0). (on 02/18/2026)

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