HI SB722

Amends the environmental response, energy, and food security tax on petroleum products by replacing the current $1.05 per barrel rate with an unspecified amount (blank in the text).

Modifies the allocation of tax revenue by establishing undefined cent amounts for the energy security special fund, agricultural development and food security special fund, and a new climate change task force account (specific amounts left blank).

Extends the climate change task force established by Act 20, Special Session Laws of Hawaii 2009 by replacing the June 30, 2011 termination date with an unspecified date (blank in the text).

Effective July 1, 2050, with a provision that amendments to the petroleum tax statute shall not be repealed when reenacted on June 30, 2015.