Bill Text: HI HB1726 | 2012 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Energy Systems Development Special Fund; Barrel Tax

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2012-06-26 - (H) Act 151, on 6/25/2012 (Gov. Msg. No. 1254). [HB1726 Detail]

Download: Hawaii-2012-HB1726-Amended.html

---

 

 

STAND. COM. REP. NO. 3235

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 1726

       H.D. 1

       S.D. 2

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 1726, H.D. 1, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO ENERGY,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to align the repeal dates of the energy systems development special fund and the environmental response, energy, and food security tax by extending the repeal date of the energy systems development special fund from June 30, 2012, to June 30, 2015.

 

     Your Committee received written comments in support of this measure from the Department of Business, Economic Development, and Tourism and the Public Utilities Commission.

 

     Your Committee finds that the environmental response, energy, and food security tax is the main source of funding for the energy systems development special fund.  However, the environmental response, energy, and food security tax is repealed in 2015, whereas the energy systems development special fund is repealed in 2012.  This measure corrects that oversight by aligning the respective repeal dates.

 

     Your Committee has amended this measure by:

 

     (1)  Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and

 

     (2)  Making a technical nonsubstantive amendment for the purpose of style.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1726, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1726, H.D. 1, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

		____________________________ DAVID Y. IGE, Chair