Loading chat...

HI HB1184

Bill

Official Source

Status

Introduced

1/27/2021

Primary Sponsor

Val Okimoto

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Adds a new exemption to Chapter 237, Hawaii Revised Statutes exempting sales of precious metal bullion from the state's general excise tax.

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

  • Exempts all gross proceeds or income from precious metal bullion sales within Hawaii from the general excise tax.

  • Effective date is July 1, 2050.

Legislative Description

Relating To Taxation.

General Excise Tax

Last Action

Recommitted to FIN with Representative Ward voting aye with reservations; none voting no and Representative(s) Matsumoto, Mizuno excused.

3/11/2021

Committee Referrals

Finance2/18/2021
Economic Development2/4/2021
Judiciary & Hawaiian Affairs2/1/2021

Full Bill Text

No bill text available