Category Archives: Fuel (HRS 243)

HB 683, HD1

SUBJECT:  FUEL, Divert Barrel Tax Collections

BILL NUMBER:  HB 683, HD1

INTRODUCED BY: House Committee on Economic Development

EXECUTIVE SUMMARY:   stablishes the sustainable aviation fuel program to provide matching grants to any small business in Hawaii that is developing products related to sustainable aviation fuel or greenhouse gas reduction from commercial aviation operations. Specifies that moneys for the program are from legislative appropriations out of the environmental response, energy, and food security tax.

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HB 1319, HD1

SUBJECT:  INCOME, FUEL, Adoption of Carbon Tax, Income Tax Credit for Low Income Ratepayers

BILL NUMBER:  HB 1319, HD1

INTRODUCED BY:  House Committee on Energy & Environmental Protection

EXECUTIVE SUMMARY:  Amends the environmental response, energy, and food security tax to address carbon emissions. Establishes a refundable tax credit to mitigate the effect of a carbon emissions tax on taxpayers. Tax credit applies to taxable years beginning after 12/31/2021. Effective 7/1/2050.

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SB 1203; HB 1049

SUBJECT:  ADMINISTRATION, INCOME, GENERAL EXCISE, USE, LIQUOR, TOBACCO, FUEL, RENTAL MOTOR VEHICLE, Technical Cleanup

BILL NUMBER:  SB 1203; HB 1049

INTRODUCED BY:  SB by KOUCHI by request; HB by SAIKI by request

EXECUTIVE SUMMARY:  Amends title 14, Hawaii Revised Statutes, to make nonsubstantive changes for clarity and to delete obsolete provisions.

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HB 1319

SUBJECT:  INCOME, FUEL, Adoption of Carbon Tax, Income Tax Credit for Low Income Ratepayers

BILL NUMBER:  HB 1319

INTRODUCED BY:  LOWEN, JOHANSON, KAPELA, LOPRESTI, MARTEN, MIZUNO, PERRUSO, TAKAYAMA, TARNAS, WILBERGER

EXECUTIVE SUMMARY:  Amends the environmental response, energy, and food security tax to address carbon emissions. Increases the tax rate to effectively set a price of $40 per metric ton of carbon dioxide emissions in 2022. Incrementally increases the tax rate over time so that, 2032, the tax rate shall be equivalent to a carbon price of $80 per metric ton of carbon emissions. Establishes a refundable tax credit to mitigate the effect of a carbon emissions tax on taxpayers.

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SB 3150, SD-1

SUBJECT:  INCOME, FUEL, Adoption of Carbon Tax, Income Tax Credit for Low Income Ratepayers

BILL NUMBER:  SB 3150, SD-1

INTRODUCED BY: Senate Committee on Agriculture & Environment

EXECUTIVE SUMMARY:   Amends the environmental response, energy, and food security tax to address carbon emissions. Increases the tax rate to effectively set a price of $40 per metric ton of carbon dioxide emissions in 2021. Incrementally increases the tax rate over time so that, in 2030, the tax rate shall be equivalent to a carbon price of $80 per metric ton of carbon emissions. Establishes a refundable tax credit for individuals earning sixty per cent or less of the area median income.

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HB 1844, HD-1

SUBJECT:  FUEL, Barrel Tax Earmark for Clean Energy Financing

BILL NUMBER:  HB 1844, HD-1

INTRODUCED BY:  House Committee on Energy & Environmental Protection

EXECUTIVE SUMMARY: Creates the clean energy and energy efficiency revolving loan fund under the administration of the Hawaii Green Infrastructure Authority. Repeals the building energy efficiency revolving loan fund. Allocates a portion of the barrel tax to the clean energy and energy efficiency revolving loan fund.

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HB 1850, HD-1

SUBJECT:  FUEL; Increase Earmark to Energy Security Special Fund

BILL NUMBER:  HB 1850, HD-1

INTRODUCED BY: House Committee on Energy & Environmental Protection

EXECUTIVE SUMMARY: Allows the chief energy officer to contract with Hawaii not-for-profit entities to administer expenditures from the energy security special fund for the purposes set forth in section 201-12.8, HRS. Increases the allocation from the state environmental response, energy, and food security tax for deposit to the energy security special fund from 5 cents to 15 cents per barrel or fractional part of a barrel of petroleum product. Effective 7/1/2050

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