HI SB1212

Repeals obsolete phase-in provisions from Hawaii's general excise tax and public service company tax laws that have long since expired.

Removes graduated tax rate schedules for wholesale sales (sections 237-4(a)(8), 237-4(a)(10), 237-4(a)(13)) that phased from 3.5% down to 0.5% between 2000-2006, replacing them with a flat 0.5% rate.

Eliminates phase-in rates for public utility telecommunications services (section 239-5) and motor carrier services (section 239-6) that were scheduled to decline from higher percentages to 0.5% between 2000-2007, replacing them with a flat 0.5% rate.

Repeals section 237-13.3 entirely, which previously implemented the graduated tax rate changes referenced above for the 2000-2005 period.

Simplifies section 237-16.5 by removing annual phase-in multipliers (0.125 to 0.875) for real property sublease deductions that were scheduled 1998-2004, replacing them with a single 0.875 multiplier.

Takes effect July 1, 2015.