HI SB358

Expands the environmental response, energy, and food security tax (barrel tax) to apply to all fossil fuels including natural gas, coal, and processed fuels, not just liquid petroleum products.

Establishes new tax rates: $1.05 per barrel for liquid fossil fuels (non-aviation), 17.5 cents per thousand cubic feet for natural gas, and $3.40 per short ton for coal.

Reapportions tax collections using percentages instead of fixed cents amounts: 14.3% to environmental response revolving fund, 38.1% to energy security special fund, 9.5% to energy systems development special fund, and 38.1% to agricultural development and food security special fund.

Expands the definition of "distributor" to include persons who import fossil fuels for generating electricity sold to utilities.

Clarifies that the initial distributor must pay the tax when fossil fuel is distributed and resold multiple times, and changes record-keeping requirements to track units of fossil fuel rather than barrels.

Effective date: July 1, 2015.