Bill > HB700

This bill suspends the state fuel tax in Hawaii for a one-year period from July 1, 2023, to June 30, 2024. It amends Section 243-4 of the Hawaii Revised Statutes to set the state fuel tax rate to 0 cents per gallon during this period, effectively eliminating the state fuel tax. The bill is intended to provide temporary relief to consumers from high fuel prices. After the one-year suspension, the bill will be repealed, and the fuel tax will be reinstated in its previous form.