Bill Text: HI HB2261 | 2012 | Regular Session | Introduced
Bill Title: Environmental response, energy, and food security tax
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-01-23 - (H) Referred to EEP/AGR, FIN, referral sheet 6 [HB2261 Detail]
Download: Hawaii-2012-HB2261-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2261 |
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TWENTY-SIXTH LEGISLATURE, 2012 |
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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 ensure that the State provides adequate funding to plan for the necessary changes required under the Hawaii Clean Energy Initiative. Currently, the allotted funds are inadequate to meet the clean energy needs of the State. Specifically, more funding should be directed towards researching locations of geothermal resource subzones.
SECTION 2. Section 201-12.8, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) Subject to legislative appropriation, moneys from the fund may be expended by the department of business, economic development, and tourism for the following purposes and used for no other purposes, except for those set forth in this section:
(1) To support the Hawaii clean energy initiative program, including its energy division, including funding staff positions within the division, and projects that ensure dependable, efficient, and economical energy, promote energy self-sufficiency, and provide greater energy security for the State; provided that, of the revenues derived pursuant to section 243-3.5(a)(2), at least $ shall be expended per fiscal year on researching viable geothermal resource subzone locations;
(2) To fund the renewable energy facilitator pursuant to section 201-12.5 and any other positions necessary for the purposes of paragraph (1) as determined by the legislature; and
(3) To fund, to the extent possible, the greenhouse gas emissions reduction task force, climate change task force, grants-in-aid to the economic development boards of each county, and grants-in-aid to economic development agencies of each county to meet the stated objectives of the Hawaii clean energy initiative program."
SECTION 3. 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 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect on July 1, 2012, and shall be repealed on June 30, 2015; provided that on June 30, 2015, section 201-12.8 and section 243-3.5, Hawaii Revised Statutes, shall be reenacted in the form in which those sections read on June 30, 2010.
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INTRODUCED BY: |
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Report Title:
Environmental response, energy, and food security tax
Description:
Increases the amount of the barrel tax to be deposited into the environmental response revolving fund and the energy security special fund. Requires that an unspecified sum be expended each year on researching viable geothermal resource subzone locations.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
