Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 2996, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to reduce the fuel tax on alternative fuels by an unspecified amount.

To accomplish this, this measure amends section 243-4, Hawaii Revised Statutes, to reduce the tax by an unspecified amount from July 1, 2004 to June 30, 2009.

Your Committee believes that reducing the tax on alternative fuels will promote the development of locally produced alternative fuels, thereby diversifying local energy supplies and providing additional economic and health benefits for the State.

Upon further consideration, your Committee has amended this bill by making the effective date July 1, 2020 for the purpose of promoting further discussion.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2996, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2996, S.D. 2.