Bill Text: HI HB451 | 2013 | Regular Session | Introduced
Bill Title: Environmental Response, Energy, and Food Security Tax; Liquid, Gaseous, and Solid Fossil Fuels
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-02-20 - The committee(s) on FIN recommend(s) that the measure be deferred. [HB451 Detail]
Download: Hawaii-2013-HB451-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
451 |
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TWENTY-SEVENTH LEGISLATURE, 2013 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to fossil fuels.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that natural gas is a fossil fuel and that importation of liquid natural gas would decrease the revenue derived from the environmental response, energy, and food security tax on petroleum products. The purpose of this Act is to levy the environmental response, energy, and food security tax on all liquid and gaseous fossil fuels.
SECTION 2. Section 243-3.5, Hawaii Revised Statutes, is amended as follows:
1. By amending subsection (a) to read:
"(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] each barrel equivalent of liquid or gaseous fossil
fuels having an energy content of 5,800,000 British Thermal Units sold by a
distributor to any retail dealer or end user of [petroleum product,] fossil
fuels, other than a refiner. The tax shall be $1.05 on each barrel equivalent
of liquid or gaseous fossil fuels having an energy content of 5,800,000 British
Thermal Units or fractional part of a barrel equivalent of [petroleum
product] liquid or gaseous fossil fuels that is not aviation fuel;
provided that of the tax collected pursuant to this subsection:
(1) 5 cents of the tax on each barrel equivalent shall be deposited into the environmental response revolving fund established under section 128D-2;
(2) 15 cents of the tax on each barrel equivalent shall be deposited into the energy security special fund established under section 201-12.8;
(3) 10 cents of the tax on each barrel equivalent 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 equivalent 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.] fossil fuel."
2. By amending subsection (d) to read:
"(d) Every distributor shall keep in the
State and preserve for five years a record in such form as the department of
taxation shall prescribe showing the total [number of barrels and the
fractional part of barrels of petroleum product] amount of British
Thermal Units of liquid or gaseous fossil fuels by type of liquid or gaseous
fossil fuels sold by the distributor during any calendar month. The record
shall show such other data and figures relevant to the enforcement and
administration of this chapter as the department may require."
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, 2013, and shall be repealed on June 30, 2015; provided that section 243-3.5, Hawaii Revised Statutes, shall be reenacted in the form in which it read on June 30, 2010.
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INTRODUCED BY: |
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Report Title:
Environmental Response, Energy, and Food Security Tax; Liquid and Gaseous Fossil Fuels
Description:
Amends section 243-3.5, HRS, to levy the environmental response, energy, and food security tax on liquid or gaseous fossil fuels. Repeals 6/30/2015.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
