Report Title:

Boating special fun; Ocean recreation industry

Description:

Requires the Department of Taxation to deposit an amount equivalent to ten percent of the general excise tax revenues received from the direct revenues generated by the ocean recreation industry during the preceding fiscal year into the boating special fund.

HOUSE OF REPRESENTATIVES

H.B. NO.

1290

TWENTY-SECOND LEGISLATURE, 2003

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to boating.

 

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

SECTION 1. Section 237-31, Hawaii Revised Statutes, is amended to read as follows:

"§237-31 Remittances. All remittances of taxes imposed by this chapter shall be made by money, bank draft, check, cashier's check, money order, or certificate of deposit to the office of the department of taxation to which the return was transmitted. The department shall issue its receipts therefor to the taxpayer and shall pay the moneys into the state treasury as a state realization, to be kept and accounted for as provided by law; provided that:

(1) The sum from all general excise tax revenues realized by the State that represents the difference between $45,000,000 and the proceeds from the sale of any general obligation bonds authorized for that fiscal year for the purposes of the state educational facilities improvement special fund shall be deposited in the state treasury in each fiscal year to the credit of the state educational facilities improvement special fund;

(2) A sum, not to exceed $5,000,000, from all general excise tax revenues realized by the State shall be deposited in the state treasury in each fiscal year to the credit of the compound interest bond reserve fund; [and]

(3) A sum, not to exceed the amount necessary to meet the obligations of the integrated tax information management systems performance-based contract may be retained and deposited in the state treasury to the credit of the integrated tax information management systems special fund. The sum retained by the director of taxation for deposit to the integrated tax information [[]management[]] systems special fund for each fiscal year shall be limited to amounts appropriated by the legislature. This paragraph shall be repealed on July 1, 2004[.]; and

(4) Beginning July 1, 2003, and each fiscal year thereafter, a sum equal to ten per cent of the general excise tax revenues received from the direct revenues generated by the ocean recreation industry during the preceding fiscal year shall be deposited in the state treasury to the credit of the boating special fund established pursuant to section 248-8 to supplement general revenues for the payment of costs enumerated under section 200-8. For the purposes of this paragraph "direct revenues generated by the ocean recreation industry" includes taxable revenue generated by the following businesses:

(A) Tour boats and cruise ship operators;

(B) Recreational fishing tour operators;

(C) Surf shops and surfboard manufacturers;

(D) Personal boat sales;

(E) Competitive ocean recreation-related events such as yacht racing, ocean swims/triathlons, surfing contests, and canoe races;

(F) Dive shop tour operators;

(G) Charter boat fishing operators;

(H) Billfish tournaments;

(I) Jet ski tour operators;

(J) Parasailing tour operators;

(K) Kayak tour operators; and

(L) Windsurfing tour operators."

SECTION 2. Statutory material to be repealed is

bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2003.

INTRODUCED BY:

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