HI SB2653

Increases the environmental response, energy, and food security tax on petroleum products from $1.05 per barrel to maintain the $1.05 rate but reallocates the distribution of collected funds.

Reduces the amount deposited into the energy security special fund from 15 cents per barrel to an unspecified amount (placeholder indicates change needed).

Increases the amount deposited into the agricultural development and food security special fund from 15 cents per barrel to 45 cents per barrel.

Maintains 5 cents per barrel deposited into the environmental response revolving fund and 10 cents per barrel deposited into the energy systems development special fund.

Takes effect on July 1, 2050.