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shall be repealed on December 31, 2009,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 Statutory material to be repealed is bracketed and stricken.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: |
_____________________________ |
|
|