HI HB2322

Reduces the state environmental response, energy, and food security tax on petroleum products from $1.05 per barrel to $0.20 per barrel, effective July 1, 2022.

Maintains the distribution formula for the reduced tax: 5 cents to the environmental response revolving fund, 4 cents to the energy security special fund, 8 cents to the energy systems development special fund, and 3 cents to the electric vehicle charging system subaccount.

Applies to each barrel or fractional barrel of petroleum product sold by a distributor to retail dealers or end users, excluding aviation fuel.