Bill Text: HI HB2312 | 2014 | Regular Session | Amended
Bill Title: Environmental Response, Energy, and Food Security Tax; Energy Systems Development Special Fund; Barrel Tax
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Enrolled - Dead) 2014-04-14 - Received notice of Senate conferees (Sen. Com. No. 675). [HB2312 Detail]
Download: Hawaii-2014-HB2312-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2312 |
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TWENTY-SEVENTH LEGISLATURE, 2014 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE ENVIRONMENTAL RESPONSE, ENERGY, AND FOOD SECURITY TAX.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The purpose of this Act is to change the amount of the current barrel tax that shall be deposited into the environmental response revolving fund from five cents of the current one dollar and five cent tax on each barrel to cents to support emergency oil spill response, chemical leakage response, hazardous environmental disaster response, and environmental clean ups, among other things, which are essential to protect Hawaii's beaches from oil pollution and protect Hawaii's residents and visitors from contamination by harmful chemical and other hazardous material contaminants.
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. 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.
Report Title:
Environmental Response, Energy, and Food Security Tax
Description:
Changes the amount of the barrel tax that shall be deposited into the Environmental Response Revolving Fund from five cents on each barrel to an unspecified amount to support environmental activities and programs. Effective July 1, 2014. (HB2312 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
