Bill Text: HI HB2081 | 2014 | Regular Session | Introduced

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Bill Title: Agribusiness Development Corporation; Agricultural Land Acquisition Special Fund; Environmental Response, Energy, and Food Security Tax ($)

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Introduced - Dead) 2014-01-21 - Referred to AGR, FIN, referral sheet 3 [HB2081 Detail]

Download: Hawaii-2014-HB2081-Introduced.html

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HOUSE OF REPRESENTATIVES	H.B. NO.	2081
TWENTY-SEVENTH LEGISLATURE, 2014
STATE OF HAWAII

A BILL FOR AN ACT

 

 

relating to the agribusiness development corporation.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  Chapter 163D, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

     "§163D-     Agricultural land acquisition special fund.  (a)  There is established within the state treasury the agricultural land acquisition special fund.

     (b)  The following moneys shall be deposited into the special fund:

     (1)  The portion of the environmental response, energy, and food security tax specified under section 243-3.5;

     (2)  Any appropriation by the legislature into the special fund;

     (3)  Any grant or donation made to the special fund; and

     (4)  Any interest earned on the balance of the special fund.

     (c)  Subject to legislative appropriation, moneys in the special fund may be expended for the acquisition of real property for the protection of agricultural lands, public land banking, promotion of farm ownership, and agricultural diversification.

     (d)  The corporation shall submit a report to the legislature no later than twenty days prior to the convening of each regular session summarizing all expenditures of the special fund moneys."

     SECTION 2.  Section 243-3.5, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:

     "(a)  In addition to any other taxes provided by law, subject to the exemptions set forth in section 243-7, there is hereby imposed a state environmental response, energy, and food security tax on each barrel or fractional part of a barrel of petroleum product sold by a distributor to any retail dealer or end user of petroleum product, other than a refiner.  The tax shall be $1.05 on each barrel or fractional part of a barrel of petroleum product that is not aviation fuel; provided that of the tax collected pursuant to this subsection:

     (1)  5 cents of the tax on each barrel shall be deposited into the environmental response revolving fund established under section 128D-2;

     (2)  15 cents of the tax on each barrel shall be deposited into the energy security special fund established under section 201-12.8;

     (3)  10 cents of the tax on each barrel shall be deposited into the energy systems development special fund established under section 304A-2169; [and]

     (4)  15 cents of the tax on each barrel shall be deposited into the agricultural development and food security special fund established under section 141-10[.]; and

     (5)         cents of the tax on each barrel shall be deposited into the agricultural land acquisition special fund established under section 163D-   .

     The tax imposed by this subsection shall be paid by the distributor of the petroleum product."

     SECTION 3.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 4.  This Act shall take effect on July 1, 2014.

 

INTRODUCED BY:	_____________________________

 

 

Report Title:

Agribusiness Development Corporation; Agricultural Land Acquisition Special Fund; Environmental Response, Energy, and Food Security Tax

 

Description:

Establishes the agricultural land acquisition special fund for the purchase of agricultural land by the agribusiness development corporation for the protection of agricultural lands, land banking, promotion of farm ownership, and agricultural diversity.  Allocates an unspecified portion of the environmental response, energy, and food security tax to be deposited into the special fund.  Requires the agribusiness development corporation to report annually to the legislature.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.