HI SR46

Requests the Director of Taxation to waive General Excise Tax penalties and interest for taxes incurred after March 4, 2020, when small businesses attest the failure to remit payment was due to the COVID-19 pandemic or government responses to it.

Requests the Director of Taxation to waive income tax penalties and interest for individual taxpayers who attest they failed to file or timely remit taxes due to the COVID-19 pandemic or government responses to it.

Cites the Hawaii Taxpayer Bill of Rights, which allows the Director to waive penalties and interest when failure to pay is due to "reasonable cause" beyond the taxpayer's control, with COVID-19 constituting such circumstances.

References the Director's existing authority under Hawaii Revised Statutes section 231-10.7 to adopt temporary rules that take effect seven days after notice.

Requires certified copies of the resolution be transmitted to the Director of Taxation and the Governor.