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HI SB2973

Bill

Official Source

Status

Introduced

1/27/2016

Primary Sponsor

Gil Riviere

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Establishes a general excise tax rate of one-half of one percent on all gross proceeds or income from the sale of products produced by Hawaiian loko i'a (fishponds).

  • Applies the reduced wholesale tax rate to help promote cultivation of loko i'a, which are environmentally sustainable aquacultural systems integral to Hawaiian culture.

  • Defines "Hawaiian loko i'a" to have the same meaning as "Hawaiian fishponds" as defined in section 183B-1.

  • Takes effect on July 1, 2050.

Legislative Description

General Excise Tax; Loko Ia; Hawaiian Fishpond

Last Action

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

2/12/2016

Committee Referrals

Ways and Means2/12/2016
Hawaiian Affairs1/29/2016

Full Bill Text

No bill text available