Hawaii Senate Bill 546 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 22 2021 - 25% progression, died in committee
Action: 2021-12-10 - Carried over to 2022 Regular Session.
Pending: Senate Agriculture and Environment Committee
Text: Latest bill text (Introduced) [HTML]

Amends the environmental response, energy, and food security tax to address carbon emissions. Increases the tax rate to effectively set a price of $40 per metric ton of carbon dioxide emissions in 2022. Incrementally increases the tax rate over time so that, in 2032, the tax rate shall be equivalent to a carbon price of $80 per metric ton of carbon emissions. Establishes a refundable tax credit for lower-income individuals. Tax credit applies to taxable years beginning after 12/31/2021. Takes effect 1/1/2022.

Relating To Taxation.

Sen. Karl Rhoads [D]

Date	Chamber	Action
2021-12-10		Carried over to 2022 Regular Session.
2021-01-27	Senate	Referred to AEN/EET, WAM.
2021-01-25	Senate	Passed First Reading.
2021-01-22	Senate	Introduced.

SB546 (Carry Over) 2021-01-27 - Referred to AEN/EET, WAM.

Type	Source
Summary	https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=546&year=2022
Text	https://www.capitol.hawaii.gov/session2022/bills/SB546_.HTM