HI SB594

Director of taxation may exempt taxpayers whose annual general excise tax liability does not exceed $100 from monthly, quarterly, or semiannual filing requirements, provided they file an annual return complying with section 237-33.

Exemption applies to taxpayers under the $100 annual tax liability threshold, reducing administrative burden for small businesses with minimal tax obligations.

Applies to taxable years beginning after December 31, 2021.