Report Title:
Environmental Response Tax; Petroleum Products
Description:
Increases the state environmental response tax on petroleum in order to increase funding available for energy conservation, alternative energy development, global warming initiatives, and other programs pursuant to section 128D, HRS.
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THE SENATE |
S.B. NO. |
2932 |
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TWENTY-FOURTH LEGISLATURE, 2008 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
Relating to ENVIRONMENTAL response tax.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that resources are needed to help reduce imported fossil fuel use and to transition the State to clean energy and indigenous energy sources. Funding is needed to support research to further the requirements of Hawaii’s new greenhouse gas limit in Act 234, Session Laws of Hawaii 2007. The department of health also requires additional funding for greenhouse gas planning and environmental enforcement.
The legislature further finds that there is a clear nexus between oil consumption and greenhouse gas environmental impact. Currently, a 5-cent fee is charged for every barrel of oil sold in the State. This fee is deposited into the environmental response revolving fund, a fund that was set up to provide emergency funding for rapid response in the event of a large oil spill. The fund was later amended to allow it to be used for other environmental and energy purposes, including addressing concerns relating to global warming.
The purpose of this Act is to increase the environmental response tax to 25 cents per barrel to provide needed funding for energy conservation and alternative energy development, global warming initiatives, and other programs pursuant to section 128D, Hawaii Revised Statutes.
SECTION 2. 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 at times provided in section 128D-2 a state environmental
response tax of [5] 25 cents on each barrel or fractional part of
a barrel of petroleum product sold by a distributor to any retail dealer or end
user, other than a refiner, of petroleum product; provided that cents
of the tax on each barrel shall be used pursuant to section 128D-2 to address
concerns relating to drinking water. The tax imposed by this subsection shall
be paid by the distributor of the petroleum product."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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