Loading chat...
HI HB1373
Bill
Status
1/26/2011
Primary Sponsor
Calvin Say
Click for details
AI Summary
-
Replaces Hawaii's fixed fuel tax rates with a percentage-based system tied to weighted wholesale prices for gasoline and average wholesale prices for diesel oil, effective July 1, 2050.
-
Maintains existing 2-cent per gallon taxes on diesel oil, aviation fuel, and naphtha used in power-generating facilities.
-
Requires the Public Utilities Commission to determine the weighted wholesale price for gasoline monthly (calculated from regular unleaded, mid-grade, and premium gasoline prices and volumes) and average wholesale price for diesel oil monthly.
-
Applies the new percentage-based tax structure to fuel sold or used in each county (Honolulu, Hawaii, Maui, and Kauai) in addition to county-specific fuel taxes levied under section 243-5.
-
Preserves existing tax exemptions and refund provisions for agricultural equipment, non-highway vehicle use, and fuel sold in Kalawao County.
Legislative Description
State Fuel Tax
Last Action
(H) Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting no (0) and Carroll, Herkes, McKelvey excused (3).
2/18/2011