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HI HB2962
Bill
Status
Enrolled
4/6/2010
Primary Sponsor
Marcus Oshiro
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AI Summary
- Amends Hawaii's general excise and use tax laws to allow the state to participate in the national Streamlined Sales and Use Tax Agreement with 23 other states
- Requires Hawaii to adopt a single tax rate to conform to the agreement and enable collection of use taxes on out-of-state purchases, particularly internet sales
- Addresses $245,500,000 in uncollected use taxes estimated in 2008 and provides competitive parity for local businesses against out-of-state sellers
- Temporarily disallows tax liability reductions from Technology Infrastructure Renovation Tax Credits and High Technology Business Investment Tax Credits
- Sets effective date as July 1, 2050 to encourage further legislative discussion on the measure
Legislative Description
Streamlined Sales and Use Tax Amendments; Technology Tax Credits
Last Action
(H) Bill scheduled for Conference Committee Meeting on Saturday, 04-10-10 11:30AM in conference room 309.
4/9/2010
Committee Referrals
Finance2/10/2010
Full Bill Text
No bill text available