Report Title:

Income tax exclusions; entertainment

Description:

Excludes, from gross income, adjusted gross income, and taxable income, amounts received from live performances.

 

HOUSE OF REPRESENTATIVES

H.B. NO.

2701

TWENTY-FIRST LEGISLATURE, 2002

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO INCOME TAXATION.

 

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

SECTION 1. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"235- Income derived from live performances excluded from gross income, adjusted gross income, and taxable income. (a) In addition to the exclusions in section 235-7, there shall be excluded from gross income, adjusted gross income, and taxable income, amounts received by performers, promoters, or broadcasters from live performances conducted in the State of Hawaii.

(b) For the purpose of this section, "live performances" means live musical and dramatic performances, including poetry readings, speeches, and lectures."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2002.

INTRODUCED BY:

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