STAND. COM. REP. NO. 1228
RE: S.B. No. 349
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Eighth State Legislature
Regular Session of 2015
State of Hawaii
Your Committee on Energy & Environmental Protection, to which was referred S.B. No. 349, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO TAXATION,"
begs leave to report as follows:
(1) Establishing a refundable renewable fuels production tax credit; and
(2) Repealing the ethanol facility tax credit.
The Hawaii Energy Policy Forum, Hawaii Renewable Energy Alliance, Pacific Biodiesel Technologies, Renewable Energy Action Coalition of Hawaii, Hawaii Clean Energy Foundation, and Hawaiian Electric Vehicle Network supported the measure. The Ulupono Initiative supported the measure with amendments. The Department of Business, Economic Development, and Tourism; Department of Taxation; Tax Foundation of Hawaii; and Bioenergy Associates LLC submitted comments.
Your Committee has amended the measure by:
(1) Specifically including sugar and starch crops including but not limited to sugar cane and cassava as renewable feedstocks, from which qualifying renewable fuels can be produced; and
(2) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Energy & Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 349, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 349, S.D. 2, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Energy & Environmental Protection,
CHRIS LEE, Chair