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THE SENATE |
S.B. NO. |
1213 |
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TWENTY-SEVENTH LEGISLATURE, 2013 |
S.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO UTILITY FRANCHISES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 240-1, Hawaii Revised Statutes, is amended to read as follows:
"§240-1 Electric light and power
companies, tax on. Every person operating in the State an electric light
or power business as a public utility, whose franchise [does not provide]
provides for the payment to the county in which the public utility
operates of a tax[, or a tax of less than] of two and one-half
per cent[,] or less, based upon the gross receipts of such person
from all electric light or power furnished to consumers during each calendar
year, shall file with the director of finance of the county in which the public
utility operates, within one month after the expiration of each calendar year,
a detailed statement showing all gross receipts from all electric light or
power furnished to consumers during the preceding calendar year. Such person
shall, at the same time pay one-half of the tax collected to the
director of finance, for and on behalf of such county, in addition to any and
all other payments required to be made by law, [two and one-half per cent of
the gross receipts; or, if such person's franchise provides for a tax of less
than two and one-half per cent of the gross proceeds, the difference between
the tax required under such franchise and two and one-half per cent of the
gross receipts, of such person from all electric light or power furnished to
consumers during the preceding calendar year.] and one-half of the tax
collected to the department of transportation highways division. Payments of
the franchise tax made to the department of transportation highways division
shall be deposited into the state highway fund and shall be used for operation
and maintenance of the department's highway facilities."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
Report Title:
Department of Transportation; Franchise Utility
Description:
Allows the State Department of Transportation Highways Division to collect an equitable compensation from franchise utility companies for the use of the state right of way. (SD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.