STAND. COM. REP. NO.  949-08

 

Honolulu, Hawaii

                , 2008

 

RE:   H.B. No. 2922

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 2922 entitled:

 

"A BILL FOR AN ACT RELATING TO FUEL TAX,"

 

begs leave to report as follows:

 

     The purpose of this bill is to reduce the fuel tax imposed on diesel oil sold for use in a power-generating facility to a tax rate of one cent per gallon, instead of two cents per gallon.

 

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

 

     Your Committee has amended this measure by:

 

     (1)  Changing its effective date to October 1, 2008; and

 

     (2)  Making technical, nonsubstantive amendments for style, clarity, and consistency.

 

     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. 2922, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2922, H.D. 1.

 

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

 

 

 

 

____________________________

MARCUS R. OSHIRO, Chair