Report Title:

GET; County Sales/Proceeds Exempt

 

Description:

Exempts gross proceeds of sales and gross income received from business or sales transactions with a county government from GET.

 

HOUSE OF REPRESENTATIVES

H.B. NO.

901

TWENTY-FIRST LEGISLATURE, 2001

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to GENERAL EXCISE TAX.

 

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

SECTION 1. Chapter 237, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"237-   Exemption of gross proceeds of sales and gross income received from a county government. There shall be exempted from, and excluded from the measures of, the tax imposed by this chapter all gross proceeds and gross income derived from business and sales transactions with a county agency, department, or office."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2001.

INTRODUCED BY:

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