Report Title:

Sunset; Naphtha Fuel Tax; Power Generation

 

Description:

Repeals the sunset provision relating to the one cent tax on naphtha fuel used in a power-generating facility.

 


THE SENATE

S.B. NO.

447

TWENTY-FIFTH LEGISLATURE, 2009

 

STATE OF HAWAII

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to taxation.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 


     SECTION 1.  Act 103, Session Laws of Hawaii 2007, is amended by amending section 5 to read as follows:

     "SECTION 5.  This Act shall take effect upon its approval; provided that[:

     (1)  The amendments made to this Act to:

         (A)  The definition of "power-generating facility" in section 243-1, Hawaii Revised Statutes; and

         (B)  Section 243-4(a), Hawaii Revised Statutes;

          shall be repealed on December 31, 2009, and section 243-4(a), Hawaii Revised Statutes, shall be reenacted in the form in which it read on the day before the effective date of this Act; and

     (2)  The] the rate of tax for naphtha as provided for in section 243-4(a)(3), Hawaii Revised Statutes, shall be effective retroactively and apply to any imposition of the fuel tax on naphtha sold for use in a power- generating facility."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect upon its approval.

 

INTRODUCED BY:

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