Hawaii SB633 establishes a carbon emissions tax and a carbon cashback program to reduce greenhouse gas emissions and provide financial relief to.

Hawaii SB633 introduces a carbon emissions tax on fossil fuels to address greenhouse gas emissions and fund a carbon cashback program. The tax, which increases annually, is designed to reduce fossil fuel consumption and generate revenue. Part of the revenue will be used to provide refundable tax credits to lower-income taxpayers, mitigating the impact of the tax. The bill also establishes a carbon emissions tax and dividend special fund to manage the tax revenue and administer the cashback program.

Hawaii SB633 establishes a carbon emissions tax and a carbon cashback program to reduce greenhouse gas emissions and provide financial relief to.

Hawaii SB633 introduces a carbon emissions tax on fossil fuels to address greenhouse gas emissions and fund a carbon cashback program. The tax, which increases annually, is designed to reduce fossil fuel consumption and generate revenue. Part of the revenue will be used to provide refundable tax credits to lower-income taxpayers, mitigating the impact of the tax. The bill also establishes a carbon emissions tax and dividend special fund to manage the tax revenue and administer the cashback program.