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HI HB1634
Bill
Status
1/21/2016
Primary Sponsor
Joseph Souki
Click for details
AI Summary
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Adds a new excise tax on large cigars effective July 1, 2016, equal to the lesser of 50 cents or 50 percent of the wholesale price per cigar.
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Replaces the previous flat 50 percent wholesale price tax on large cigars (in effect since September 30, 2009) with a capped rate that cannot exceed 50 cents per cigar.
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Maintains existing excise taxes on cigarettes, little cigars, and other tobacco products at their current rates.
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Allows refunds or credits for excise taxes paid on cigarettes, little cigars, or tobacco products that become subject to casualty loss deductions under Chapter 235 of the Hawaii Revised Statutes.
Legislative Description
Cigars; Tax
Last Action
Passed Second Reading and referred to the committee(s) on FIN with Representative(s) Aquino, Belatti, Creagan, Cullen, Fukumoto Chang, Ichiyama, Jordan, Matsumoto, McKelvey, Pouha, Rhoads, San Buenaventura, Tupola, Ward, Woodson, Yamane voting aye with reservations; Representative(s) Choy, DeCoite, Kobayashi, LoPresti, Oshiro, Takayama voting no (6) and Representative(s) Nakashima, Thielen, Tokioka excused (3).
2/19/2016