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HI HB643
Bill
Status
1/26/2015
Primary Sponsor
Calvin Say
Click for details
AI Summary
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Exempts sales and installation of wind resistive devices from Hawaii's general excise tax for the period January 1, 2016 through December 31, 2017.
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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.
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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.
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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