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

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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. 3328

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 2262

       H.D. 2

       S.D. 2

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 2262, H.D. 2, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO ENERGY,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to encourage the development of the State's renewable energy industry.

 

     More specifically, this measure:

 

     (1)  Broadens the ethanol facility income tax credit to include the construction of facilities for the production of renewable transportation fuels; and

 

     (2)  Establishes an income tax credit for biofuel production facilities.

 

     Your Committee received written comments in support of this measure from the Hawaii State Energy Office, Department of Business, Economic Development, and Tourism.

 

     Your Committee received written comments on this measure from the Department of the Attorney General.

 

     Your Committee finds that encouraging the development of renewable transportation fuels production facilities and biofuel production facilities will help to stimulate the economy and benefit the community and the environment.  This measure supports the renewable energy industry by providing income tax credits, thereby making investment more attractive.

 

     Your Committee has amended this measure by:

 

     (1)  Authorizing the Department of Business, Economic Development, and Tourism to increase the cap on the annual amount of certified renewable transportation fuels production facility tax credits to $15,000,000 if there is sufficient qualified renewable transportation fuels production; provided that the Department shall report to the Legislature on the rationale and justification for any increase;

 

     (2)  Changing the effective date of the measure to July 1, 2050, to facilitate further discussion; and

 

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

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2262, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2262, H.D. 2, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

		____________________________ DAVID Y. IGE, Chair