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HI HB1047

Bill

Status

Introduced

1/27/2021

Primary Sponsor

Scott Saiki

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Replace "one-time" payment language with "initial" payment of $20 for general excise tax licenses under Hawaii Revised Statutes Section 237-9.

  • Require general excise tax licenses to be valid for two years and renewable biennially, replacing the previous indefinite validity until cancellation.

  • Authorize the Department of Taxation to charge a renewal fee of up to $20 for biennial license renewals and require renewals to be submitted electronically.

  • Establish that existing tax licenses renew for the first time in 2022 at no charge, with the Department of Taxation prescribing the renewal date(s).

  • Effective date is July 1, 2050.

Legislative Description

Relating To General Excise Tax Licenses.

Renewal

Last Action

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Hashem excused (1).

2/17/2021

Committee Referrals

Finance2/17/2021
Economic Development1/29/2021

Full Bill Text

No bill text available