Report Title:

Medicare and Medicaid; general excise tax exclusion

Description:

Exempts Medicare and Medicaid from general excise tax liability.

HOUSE OF REPRESENTATIVES

H.B. NO.

354

TWENTY-SECOND LEGISLATURE, 2003

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to an exemption from general excise tax liability for medicare and medicaid.

 

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 certain medical services. (a) There shall be exempted from and excluded from the measure of the taxes imposed by this chapter all of the gross proceeds arising from payments by the United States government or any agency thereof for provision of medical and other health services to Medicare beneficiaries pursuant to the provisions of Title XVIII of the federal Social Security Act.

(b) There shall be exempted from and excluded from the measure of the taxes imposed by this chapter all of the gross proceeds arising from payments for provision of medical and other health services and goods to Medicaid providers pursuant to the provisions of Title XIX of the federal Social Security Act."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2003, and shall apply to taxable years beginning after December 31, 2003.

 

INTRODUCED BY:

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