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

This bill establishes a carbon emissions tax and dividend program in Hawaii. It amends the environmental response, energy, and food security tax to address carbon emissions and creates a refundable tax credit to mitigate the tax's impact on residents. The tax on fossil fuels will increase annually, with revenues distributed to various special funds and used for agricultural development, energy security, and other purposes. Residents will receive refundable tax credits equivalent to the expected carbon emissions tax revenue, with higher credits for lower-income households.

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

This bill establishes a carbon emissions tax and dividend program in Hawaii. It amends the environmental response, energy, and food security tax to address carbon emissions and creates a refundable tax credit to mitigate the tax's impact on residents. The tax on fossil fuels will increase annually, with revenues distributed to various special funds and used for agricultural development, energy security, and other purposes. Residents will receive refundable tax credits equivalent to the expected carbon emissions tax revenue, with higher credits for lower-income households.