Hawaii SB2332 establishes a carbon cashback program to reduce greenhouse gas emissions and provide financial relief to taxpayers.

Hawaii SB2332 introduces a carbon cashback program that increases taxes on fossil fuels and distributes most of the new tax revenues back to taxpayers. The bill imposes a state environmental response, energy, carbon emissions, and food security tax on petroleum products and fossil fuels. The tax revenues are distributed to various funds, including the agricultural development and food security special fund, the energy systems development special fund, and the carbon emissions tax and dividend special fund.

Hawaii SB2332 establishes a carbon cashback program to reduce greenhouse gas emissions and provide financial relief to taxpayers.

Hawaii SB2332 introduces a carbon cashback program that increases taxes on fossil fuels and distributes most of the new tax revenues back to taxpayers. The bill imposes a state environmental response, energy, carbon emissions, and food security tax on petroleum products and fossil fuels. The tax revenues are distributed to various funds, including the agricultural development and food security special fund, the energy systems development special fund, and the carbon emissions tax and dividend special fund.