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HI HB1184

Bill

Official Source

Status

Engrossed

3/4/2022

Primary Sponsor

Val Okimoto

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • Exempts the sale of precious metal bullion from Hawaii's general excise tax under Chapter 237, Hawaii Revised Statutes.

  • 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.

  • Exemption applies to all gross proceeds or income arising from precious metal bullion sales within the State of Hawaii.

  • Effective date is July 1, 2050.

Legislative Description

Relating To Taxation.

General Excise Tax

Last Action

Referred to WAM.

3/11/2022

Committee Referrals

Ways and Means3/11/2022
Finance2/18/2021
Economic Development2/4/2021
Judiciary & Hawaiian Affairs2/1/2021

Full Bill Text

No bill text available