Report Title:

General Excise Tax

Description:

Exempts proceeds from goods and services sold to the State and counties from the general excise tax.

HOUSE OF REPRESENTATIVES

H.B. NO.

663

TWENTY-SECOND LEGISLATURE, 2003

 

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-A Exemption for sale of goods and services to the State and counties, including contracting by the State or counties. Notwithstanding any other law to the contrary, there shall be exempted from and excluded from the measure of, the taxes imposed by this chapter, all of the value or gross proceeds arising from the sale of goods or services provided to the State or any county, including contracting by the State or any county."

SECTION 2. In codifying the new sections added by section 1 of this Act, the revisor of statutes shall substitute appropriate section numbers for the letters used in designating the new sections in this Act.

SECTION 3. New statutory material is underscored.

SECTION 4. This Act shall take effect on July 1, 2003.

 

INTRODUCED BY:

_____________________________