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HI SB2237
Bill
AI Summary
- Changes the priority order for crediting partial tax payments to principal first, then penalties, then interest
- Previous law credited payments to interest first, then penalties, then principal
- Applies to all partial payments of tax assessments received by the Department of Taxation
- Effective January 1, 2014
- Based on recommendations from a 2010 small business working group addressing critical issues for Hawaii's small business community
Legislative Description
Taxation; Partial Payment
Last Action
(H) Referred to FIN, referral sheet 41
3/8/2012
Committee Referrals
Ways and Means1/23/2012
Full Bill Text
No bill text available