STAND. COM. REP. NO.  847

 

Honolulu, Hawaii

                , 2009

 

RE:   H.B. No. 370

      H.D. 2

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 370, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO TAXATION,"

 

begs leave to report as follows:

 

     The purpose of this bill is to decrease the cost of electricity generated by diesel fuel by reverting the license tax on liquid fuels back to 1 cent per gallon for diesel used in electric power-generation by a power-generating facility regulated by the Public Utilities Commission.

 

     The Kauai Island Utility Cooperative supported this bill.  The Department of Taxation and Department of Transportation opposed this measure.  The Tax Foundation of Hawaii submitted comments.

 

     Your Committee has amended this bill by changing the effective date to July 1, 2020, to encourage further discussion.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 370, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 370, H.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

 

 

____________________________

MARCUS R. OSHIRO, Chair