HB1375

Establishes a carbon emissions tax and dividend program in Hawaii to reduce greenhouse gas emissions and provide financial relief to residents.

The bill establishes a carbon emissions tax and dividend program in Hawaii to reduce greenhouse gas emissions and provide financial relief to residents. It amends the environmental response, energy, and food security tax to address carbon emissions and establishes a refundable tax credit to mitigate the effect of the tax on carbon emissions for Hawaii's taxpayers. The tax revenue will be distributed to various funds, including the environmental response revolving fund, energy security special fund, and energy systems development special fund.