Report Title:

GET; Income from Sales and Services to Counties; Exemption

Description:

Exempts from imposition of the general excise tax proceeds received for sales and services to counties.

HOUSE OF REPRESENTATIVES

H.B. NO.

1018

TWENTY-SECOND LEGISLATURE, 2003

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to taxation.

 

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 for transactions with counties. There shall be exempted from, and excluded from the measure of, the taxes imposed by this chapter all of the value, gross proceeds of sales, and gross income arising from:

(1) The sale of products to a county; or

(2) Services performed for a county by a person engaged in a service business or calling in the State."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2003; provided that section 1 shall apply to value, gross proceeds, and gross income received by a taxpayer after December 31, 2003.

INTRODUCED BY:

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