Hawaii SB1155 establishes a tax on petroleum and fossil fuel sales to fund agricultural development and food security.

Hawaii SB1155 creates a tax on petroleum and fossil fuel sales to support agricultural development and food security. The tax, imposed on distributors, includes a portion deposited into the agricultural development and food security special fund. This fund will finance grants for farmers, property acquisition, infrastructure improvements, equipment purchases, and research. Additionally, the tax revenue will support energy security, environmental response, and energy systems development. The bill also mandates annual reports on fund status and expenditures.

Hawaii SB1155 establishes a tax on petroleum and fossil fuel sales to fund agricultural development and food security.

Hawaii SB1155 creates a tax on petroleum and fossil fuel sales to support agricultural development and food security. The tax, imposed on distributors, includes a portion deposited into the agricultural development and food security special fund. This fund will finance grants for farmers, property acquisition, infrastructure improvements, equipment purchases, and research. Additionally, the tax revenue will support energy security, environmental response, and energy systems development. The bill also mandates annual reports on fund status and expenditures.