THE SENATE

S.B. NO.

2721

THIRTY-FIRST LEGISLATURE, 2022

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

RELATING TO ENERGY 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 on each barrel or fractional part of a barrel of petroleum product [that is not], which shall include 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  Statutory material to be repealed is bracketed and stricken.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 January 1, 2023.

 

INTRODUCED BY:

_____________________________

 

 

 

 

Report Title:

Aviation Fuel; Barrel Tax; Energy Tax

 

Description:

Subjects aviation fuel to the Environmental Response, Energy, and Food Security Tax.  Effective 1/1/2023.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.