Bill Text: HI HB2322 | 2022 | Regular Session | Introduced
Bill Title: Relating To The Barrel Tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2022-01-28 - Referred to EEP, CPC, FIN, referral sheet 3 [HB2322 Detail]
Download: Hawaii-2022-HB2322-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2322 |
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THIRTY-FIRST LEGISLATURE, 2022 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
Relating to the barrel tax
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. 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] $0.20
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)
4 cents of the tax on each barrel shall be deposited into the energy security
special fund established under section 201-12.8;
(3) 8 cents of the tax on each barrel shall be deposited into the energy
systems development special fund established under section 304A-2169.1; and
[[](4)[]]
3 cents of the tax on each barrel shall be deposited into the electric vehicle
charging system subaccount established pursuant to section 269-33(e).
The tax
imposed by this subsection shall be paid by the distributor of the petroleum
product."
SECTION
2. Statutory material to be repealed is bracketed and
stricken. New statutory material is underscored.
SECTION
3. This Act shall take effect on July 1, 2022.
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INTRODUCED BY: |
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Report Title:
Barrel Tax;
Description:
Lowers the state barrel tax from $1.05 to $.20
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
