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HI HB848

Bill

Official Source

Status

Enrolled

4/4/2011

Primary Sponsor

Calvin Say

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Exempts from general excise tax amounts received by a related or indirectly related management entity that manages the business of affiliated companies
  • Committee amended the bill to replace original common paymaster exemption language with provisions from S.B. No. 1107, S.D. 1, 2011
  • Removes an unnecessary cross-reference related to the exemption
  • Establishes effective date of July 1, 2050 to allow for continued discussion on the measure
  • Committee received support from the Chamber of Commerce Hawaii and opposition from the Department of Taxation Director

Legislative Description

Related Management Entities; GET Exemption

Last Action

(H) Received notice of all Senate conferees being discharged (Sen. Com. No. 747).

4/13/2012

Committee Referrals

Finance2/18/2011
Economic Revitalization & Business1/26/2011

Full Bill Text

No bill text available