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HI HB1194
Bill
Status
1/24/2013
Primary Sponsor
Sharon Har
Click for details
AI Summary
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Repeals the temporary suspension of the general excise tax exemption on amounts deducted from gross income of subcontractors that was established under Act 105, Session Laws of Hawaii 2011.
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Removes subcontractor amounts from the list of previously exempt gross income subject to a temporary 4% tax that was set to run from July 1, 2011, through June 30, 2013.
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Restores the general excise tax exemption for amounts deducted from gross income received by contractors as described under section 237-13(3)(B).
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Effective January 1, 2112, and applies to gross income or gross proceeds received after December 31, 2012.
Legislative Description
Taxation; General Excise Tax; Subcontractors; Exemption; Repeal
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Carroll, Coffman, Hanohano, Har, Kawakami, Ward excused (6).
2/15/2013