HI SB2893

Adds a new section to Chapter 231, Hawaii Revised Statutes establishing that any title 14 tax amount passed on to taxpayers and separately stated in receipts, contracts, invoices, or billing documents shall be held in trust for the State.

Requires taxpayers to remit to the State an amount no less than the tax amount passed on as described above in the manner and timing required by title 14 provisions.

Creates a conclusive presumption that taxpayers are liable for any amounts collected as recovery of their tax liability, with a reduction only if the taxpayer proves the amount was returned to the source.

Makes taxpayers subject to applicable penalties and interest assessments under section 231-39 in addition to the tax amounts owed.

Takes effect upon approval.