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HI HB1830

Bill

Official Source

Status

Introduced

1/17/2020

Primary Sponsor

Val Okimoto

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Adds a new exemption to Chapter 237, Hawaii Revised Statutes exempting the sale of precious metal bullion from general excise taxes.

  • Defines "precious metal bullion" as coins, bars, or rounds made primarily of refined gold, silver, or other precious metals that are either marked and valued by weight, purity, and content, or minted by a government authority.

  • Exempts all gross proceeds or income from the sale of precious metal bullion within the State from taxation under Chapter 237.

  • Takes effect on July 1, 2020.

Legislative Description

Relating To Taxation.

General Excise Tax

Last Action

Re-referred to EDB, FIN, referral sheet 7

1/28/2020

Committee Referrals

Economic Development & Business1/28/2020
Finance1/21/2020

Full Bill Text

No bill text available