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HI HB2853

Bill

Official Source

Status

Introduced

1/27/2010

Primary Sponsor

Calvin Say

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Increases the public service company tax rate on public utilities from 4 percent to 5 percent of gross income, effective July 1, 2010
  • Increases the tax rate on passenger fares for land carriers from 5.35 percent to 6.35 percent
  • Modifies sections 239-5, 239-7, 239-9, and 239-10 of Hawaii Revised Statutes to reflect the new tax rates throughout the public service company tax provisions
  • Provides that revenues from the tax rate increase in excess of the base 5 percent rate shall be paid directly to counties where the public utility business is conducted
  • Sunset provision: the Act repeals on June 30, 2015, with affected statutory sections reverting to their pre-Act form

Legislative Description

Public Service Company Tax Rate; Increase

Last Action

(H) The committee(s) recommends that the measure be deferred.

2/22/2010

Committee Referrals

Finance1/28/2010

Full Bill Text

No bill text available