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HI HB1387
Bill
Status
1/29/2015
Primary Sponsor
Calvin Say
Click for details
AI Summary
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Levies a 5% surcharge on all sales of activities by activity desks, with proceeds remitted quarterly to the director of commerce and consumer affairs.
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Deposits surcharge proceeds into the Conservation and Resource Enforcement Special Fund established under section 199-1.5.
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Requires activity desks to establish and maintain an activity surcharge special subaccount in a federally insured financial institution located in Hawaii.
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Amends section 468M-9 to clarify that activity desk trust account deposits exclude amounts subject to the surcharge requirement under the new sections.
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Takes effect on July 1, 2020.
Legislative Description
Activity Desks; Cost of Activity Surcharge; Activity Desk Surcharge Subaccount
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on WAL with Representative(s) Fukumoto Chang, Matsumoto, McKelvey, Onishi voting aye with reservations; Representative(s) McDermott, Tupola, Ward voting no (3) and Representative(s) Takumi excused (1).
2/13/2015