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HomeMy WebLinkAboutREP FC 094 04/17/2007 2006-2008 REPORT OF THE COMMITTEE ON FINANCE DATE: April 17, 2007 Re: Comm. No. 292/Reso. No. 107-OS PLACE: Council Chambers TIME: 10:12 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 107-05, reports as follows: Resolution No. 107-05, transmitted by Council Member Bob Jacobson, via Communication No. 292, dated May 18, 2005, modifies the Special Fuel Tax Program that exempts the present County fuel tax of $.022 cents per gallon for biodiesel. Pursuant to the provisions of Section 243-5, Hawaii Revised Statutes, enable, empower, and authorize the Council of the County of Hawaii to determine the amount of the county fuel tax. The purpose of this resolution is to exempt fuel containing twenty (20) per cent or greater by volume of biodiesel from fuel tax and to promote the production and use of alternative fuels in Hawaii. On June 14, 2005, Committee on Finance, approved a motion to postpone Resolution No. 107-05 indefinitely due to technical problems and further reseazch. Council Member Bob Jacobson came forth with a replacement resolution being Resolution No. 109-07, and made a motion to file this measure. Your Committee on Finance recommends to file Resolution No. 107-05. la arcs noes nae ex Respectfully submitted, Foxn X RIGA X COMMITTEE ON FINANCE HOFFMANN X IKEDA X JACOBSON X NAEOLE X PILAGO X DOMINIC YAGO AI YACONC X FC REP T O. 94 YOSHIMOTO X ADOPTED: MAY O Z 2001