THE SENATE	S.B. NO.	722
TWENTY-SIXTH LEGISLATURE, 2011		S.D. 2
STATE OF HAWAII

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.  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[.]; and

(5)  cents of the tax on each barrel shall be deposited into a special account of the general fund to be expended by the office of planning for the operations of the climate change task force established by Act 20, Special Session Laws of Hawaii 2009.

     The tax imposed by this subsection shall be paid by the distributor of the petroleum product."

     SECTION 2.  Act 20, Special Session Laws of Hawaii 2009, section 2, is amended by amending subsection (e) to read as follows:

     "(e)  The task force shall cease to exist on [June 30, 2011.] ________."

     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  Statutory material to be repealed is bracketed and stricken.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, 2050; provided that the amendments made to section 243-3.5(a), Hawaii Revised Statutes, by section 1 of this Act shall not be repealed when that section is reenacted on June 30, 2015, pursuant to section 14 of Act 73, Session Laws of Hawaii 2010.

Report Title:

Environmental Response, Energy, and Food Security Tax; Energy Security Special Fund; Agricultural Development and Food Security Special Fund

Description:

Changes the tax on a barrel of petroleum to an unspecified amount.  Requires unspecified sums of the environmental response, energy, and food security tax to be deposited into the energy security special fund, the agricultural development and food security special fund, and the special account of the general fund for the climate change task force.  Provides for the extension of the climate change task force.  Effective 7/1/2050.  (SD2)

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