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HI SB2303

Bill

Official Source

Status

Passed

4/21/2022

Primary Sponsor

Donna Kim

Click for details

Origin

Senate

2022 Regular Session

AI Summary

  • Authorizes the Director of Taxation to exempt taxpayers whose annual general excise tax liability does not exceed $100 from monthly, quarterly, or semiannual filing and payment requirements.

  • Exempted taxpayers must still comply with section 237-33 requirements, which includes filing an annual return.

  • Applies to taxable years beginning after December 31, 2022.

  • Adds new subsection (d) to Hawaii Revised Statutes section 237-30 establishing the $100 exemption threshold.

Legislative Description

Relating To The General Excise Tax.

General Excise Tax

Last Action

Act 008, 04/21/2022 (Gov. Msg. No. 1108).

4/21/2022

Committee Referrals

Finance3/22/2022
Economic Development3/10/2022
Ways and Means1/24/2022

Full Bill Text

No bill text available