HI HB1486

Modifies Hawaii's state fuel tax structure from a fixed cents-per-gallon rate to the greater of a fixed rate or a percentage of the wholesale price to retailers, effective July 1, 2015.

For general liquid fuel in Honolulu and each county, changes tax from 17 cents per gallon to either 17 cents or a percentage of wholesale price (percentage amount left blank in bill).

For diesel oil used on public highways, changes tax from 15 cents per gallon to either 15 cents or a percentage of wholesale price (percentage amount left blank in bill).

Includes a minimum tax provision requiring wholesalers to pay no less tax per gallon than what retailers pay per gallon to the wholesaler charging the highest price.

Defines "wholesale price" as the amount a wholesaler charges a retailer prior to the inclusion of any taxes.