SB810

Establishes a carbon emissions tax on aviation fuel in Hawaii to reduce greenhouse gas emissions and fund airport improvements.

The bill introduces a carbon emissions tax on aviation fuel in Hawaii, aiming to mitigate climate change by reducing greenhouse gas emissions. The tax, set at $6.25 per ton of carbon dioxide equivalent emissions, will be imposed on distributors of aviation fuel. The revenue generated will be used to upgrade and improve Hawaii's airports and to fund the statewide system of airports. Additionally, the bill provides an income tax credit to lower-income taxpayers to offset the impact of the carbon tax. The tax credit amount varies based on the taxpayer's gross income and filing status.