Bill Text: HI HB640 | 2015 | Regular Session | Introduced
Bill Title: Environmental Response, Energy, and Food Security Tax
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2015-01-28 - Referred to EEP, FIN, referral sheet 2 [HB640 Detail]
Download: Hawaii-2015-HB640-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
640 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to fuel tax law.
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 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] 15
cents of the tax on each barrel shall be deposited into the environmental
response revolving fund established under section 128D-2;
(2) [15] 10
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-2169.1[]]; and
(4) [15] 10
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 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 Statutory material to be repealed is bracketed and stricken.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 This Act shall take effect on July 1, 2015, and shall be repealed on June 30, 2030; provided that section 243-3.5, Hawaii Revised Statutes, shall be reenacted in the form in which it read on June 30, 2010, pursuant to Act 73, Session Laws of Hawaii 2010, as amended by Act 107, Session Laws of Hawaii 2014.
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INTRODUCED BY: |
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Report Title:
Environmental Response, Energy, and Food Security Tax
Description:
Decreases the per barrel distribution from the environmental response, energy, and food security tax to the energy security special fund and the agricultural development and food security special fund from 15 cents each to 10 cents each. Increases the per barrel distribution to the environmental response revolving fund from 5 cents to 15 cents.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
