Establishes a carbon tax on aviation fuel in Hawaii to mitigate climate change and fund airport improvements.
The bill introduces a carbon tax on aviation fuel in Hawaii to address the state's significant greenhouse gas emissions from air travel. The tax aims to generate revenue for climate change mitigation and fund improvements to Hawaii's airports, which have poor reputations and rankings. The tax will be imposed at a rate of $0.0522 per gallon, increasing annually based on carbon dioxide emissions data. A tax credit is also provided for lower-income taxpayers to offset the impact of the carbon tax.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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