Report Title:

Public Service Company Tax; Govt Public Utilities Exempt

 

Description:

Exempts public utilities owned by the State or political subdivisions of the State from the public service company tax.

HOUSE OF REPRESENTATIVES

H.B. NO.

436

TWENTY-FIRST LEGISLATURE, 2001

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to taxation.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Section 239-2, Hawaii Revised Statutes, is amended by amending the definition of "public utility" to read:

""Public utility" has the meaning given that term in section 269-1[.]; provided that for the purposes of this chapter, "public utility" does not include entities owned by the State or any political subdivision of the State."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:

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