HI SB2968

Requires persons authorized to collect rent on behalf of nonresident owners of Hawaii real property to deduct and withhold general excise tax from rents collected and remit it to the state.

Mandates that persons collecting rent for nonresident owners obtain a general excise tax license for reporting and paying withheld taxes on behalf of the owner.

Makes rent collectors personally liable for general excise taxes that are withheld but not reported or paid, including applicable penalties and interest.

Requires all nonresident owners of Hawaii real property who receive rental income to enter into a rental collection agreement under section 237-30.5.

Applies to taxable years beginning after December 31, 2018.