SB1289 Summary

• Requires payors engaged in business to report aggregate payments of $600 or more made to construction service providers in any taxable year to the Hawaii Department of Taxation.

• Reports must include the name, address, and tax identification number of both the payor and construction service provider, plus the total amount paid in the taxable year.

• Mandatory electronic filing of reports is required in the manner prescribed by the department, which may establish additional reporting requirements by rule.

• Applies to taxable years beginning after December 31, 2013.