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HI HB643

Bill

Status

Introduced

1/26/2015

Primary Sponsor

Calvin Say

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Exempts sales and installation of wind resistive devices from Hawaii's general excise tax for the period January 1, 2016 through December 31, 2017.

  • Requires the Department of Commerce and Consumer Affairs to certify that wind resistive devices meet exemption requirements and to adopt rules under Chapter 91 to assess device qualifications.

  • Defines "wind resistive devices" as devices and techniques that increase building or structure resistance to wind damage, including uplift restraint ties, fastened roof sheathing, impact-resistant protective devices, wall-to-foundation connections, and residential safe rooms.

  • Takes effect July 1, 2050, with the exemption applying retroactively to gross proceeds received from January 1, 2016 through December 31, 2017.

Legislative Description

Wind Resistive Devices; Exemption from General Excise Tax

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 Ito excused (1).

2/20/2015

Committee Referrals

Finance2/20/2015
Consumer Protection & Commerce1/28/2015

Full Bill Text

No bill text available