HB 1049 Summary

• Amends Title 14 (taxation) of Hawaii Revised Statutes to simplify and streamline tax administration through nonsubstantive changes and clarification of filing procedures.

• Replaces specific references to taxation districts and filing locations with general language requiring returns and payments be filed "in the form and manner prescribed by the department."

• Adds a definition of "Director" as the director of taxation in Section 231-1 and removes obsolete "director" definitions from other chapters (237D, 243, 251).

• Repeals expired or obsolete tax provisions including Section 235-5.6 (individual development account contribution tax credit), Section 235-111.5 (net operating loss carryover sales), Section 239-11 (contract carrier exemption), Section 239-12 (call center exemption), Section 243-8 (license tax payment provision), and Section 245-31 (monthly cigarette distribution reporting).

• Effective July 1, 2050.