Bill Text: HI HB2262 | 2012 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Renewable Transportation Fuels; Biofuel Production Facility; Tax Credit; Environmental Impact Statement

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Enrolled - Dead) 2012-04-27 - (H) Conference Committee Meeting will reconvene on Friday 04-27-12 5:15PM in conference room 225. [HB2262 Detail]

Download: Hawaii-2012-HB2262-Amended.html

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STAND. COM. REP. NO.  408-12

 

Honolulu, Hawaii

                , 2012

 

RE:   H.B. No. 2262

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committees on Energy & Environmental Protection and Agriculture, to which was referred H.B. No. 2262 entitled:

 

"A BILL FOR AN ACT RELATING TO ENERGY,"

 

beg leave to report as follows:

 

     The purpose of this measure is to encourage development of Hawaii's renewable energy industry by:

 

     (1)  Creating the renewable fuel feedstock tax credit;

 

     (2)  Expanding the ethanol facility income tax credit into the renewable fuels facility tax credit, which applies to various specified renewable fuels, including ethanol; and

 

     (3)  Reducing the aggregate amount of the renewable fuels facility tax credit.

 

     Hawaiian Electric Company and its subsidiaries, Maui Electric Company and Hawaii Electric Light Company; H2 Technologies, Inc.; Hawaii BioEnergy, LLC; the Blue Planet Foundation; and Pacific West Energy, LLC, submitted testimony in support of this measure.  The Department of Agriculture submitted testimony in support of the intent of this measure.  The Department of the Attorney General, the Department of Taxation, Tax Foundation of Hawaii, and two individuals submitted comments on this measure.

 

     Your Committees have amended this measure by:

 

     (1)  Removing the requirement that feedstock be grown or sourced in the State for purposes of claiming the renewable fuel feedstock tax credit;

 

     (2)  Removing the requirement that a taxpayer be domiciled or based in the State to qualify for the renewable fuel feedstock credit;

 

     (3)  Reducing the cap on the aggregate nameplate of qualifying renewable fuels production facilities for purposes of maintaining the renewable fuels facility tax credit from forty million gallons per year to thirty-five million gallons per year; and

 

     (4)  Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

 

     As affirmed by the records of votes of the members of your Committees on Energy & Environmental Protection and Agriculture that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 2262, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 2262, H.D. 1, and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committees on Energy & Environmental Protection and Agriculture,

 

 

____________________________ CLIFT TSUJI, Chair		____________________________ DENNY COFFMAN, Chair