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HI SB1278
Bill
Status
2/27/2025
Primary Sponsor
Henry Aquino
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AI Summary
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Exempts grants received from the federal Restaurant Revitalization Fund (RRF) under the American Rescue Plan Act of 2021 from Hawaii's state general excise tax.
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Requires the Department of Taxation to notify all taxpayers eligible for refunds of general excise taxes paid on RRF grants and establish a six-month filing deadline for refund claims following notification.
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Mandates refund of any state general excise taxes paid by eligible businesses on RRF grants to the taxpayer.
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Takes effect July 1, 3000, with retroactive application to March 11, 2021 (the effective date of ARPA).
Legislative Description
Relating To The General Excise Tax.
General Excise Tax
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).
3/18/2025