H.B. 1467 Summary

• Amends Hawaii fuel tax structure to assess state fuel tax as the greater of a fixed amount per gallon or an unspecified percentage of the wholesale price to retailers per gallon for counties other than those with fixed rates.

• Applies alternative tax assessment method to diesel and biodiesel oil used for motor vehicle operation on public highways in Honolulu, Hawaii, Maui, and Kauai counties.

• Subjects biodiesel oil to the same tax rates and reporting requirements as diesel oil throughout the fuel tax code.

• Includes provision capping wholesaler pass-through of percentage-based taxes to retailers at the amount paid on the highest price per gallon sold during the taxable year.

• Effective date: July 1, 2050.