SUBJECT: FUEL, Carbon Emissions Tax; License Tax
BILL NUMBER: SB 1463; HB 1459 (Identical)
INTRODUCED BY: SB by K. RHOADS, RUDERMAN, Baker, S. Chang, Harimoto, Keith-Agaran, Shimabukuro; HB by TARNAS, BROWER, ELI, ICHIYAMA, D. KOBAYASHI, C. LEE, LOWEN, MIZUNO, NAKASHIMA, SAY, TODD, Creagan, Morikawa
EXECUTIVE SUMMARY: The bill intends to replace the current barrel tax and fuel tax with a revenue neutral carbon emission tax on the sale of all fuels with carbon content. This bill forces us to rethink how we now tax fossil fuel. The current patchwork of different state and local taxes all applying at once leads to unclear and inconsistent messages sent to the taxpaying public, which is not good for implementing social policy regardless of what the policy is.
Continue reading SB 1463; HB 1459 (Identical)