Hawaii HB1617 establishes a carbon cashback program, increasing fossil fuel taxes and distributing most revenues as tax credits to taxpayers.

Hawaii HB1617 introduces a carbon cashback program to reduce fossil fuel imports and greenhouse gas emissions. It increases taxes on fossil fuels and distributes most of the new tax revenues back to taxpayers as refundable income tax credits. The bill also reestablishes the agricultural development and food security special fund. Tax revenues are allocated to various funds, including the environmental response revolving fund, energy security special fund, and agricultural development and food security special fund.

Hawaii HB1617 establishes a carbon cashback program, increasing fossil fuel taxes and distributing most revenues as tax credits to taxpayers.

Hawaii HB1617 introduces a carbon cashback program to reduce fossil fuel imports and greenhouse gas emissions. It increases taxes on fossil fuels and distributes most of the new tax revenues back to taxpayers as refundable income tax credits. The bill also reestablishes the agricultural development and food security special fund. Tax revenues are allocated to various funds, including the environmental response revolving fund, energy security special fund, and agricultural development and food security special fund.