HB973 Summary

• Changes tax payment filing deadlines from the 20th day to the last day of each month for various Hawaii tax types, including general excise tax, transient accommodations tax, fuel tax, liquor tax, and cigarette tax.

• Modifies insurance premium tax filing and payment from monthly to quarterly basis, with payments due on the last day of the month following each quarter.

• Removes provisions requiring electronic filing and payment for taxpayers meeting federal electronic filing thresholds; retains electronic funds transfer requirements only for those exceeding specified dollar thresholds ($100,000 for most taxes, $40,000 for withholding taxes).

• Updates specific quarterly and semiannual filing dates to align with the new last-day-of-month deadline (e.g., April 30, July 31, October 31, January 31 instead of April 20, July 20, October 20, January 20).

• Effective upon approval for taxable years beginning after December 31, 2013.