THE SENATE

S.B. NO.

261

TWENTY-EIGHTH LEGISLATURE, 2015

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to taxation.

 

 

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

 


     SECTION 1.  Act 60, Session Laws of Hawaii 2009, as amended by Act 97, Session Laws of Hawaii 2011, is amended by amending section 6 to read as follows:

     "SECTION 6.  This Act shall take effect upon approval; provided that:

     (1)  Section 2 shall apply to taxable years beginning after December 31, 2008; and

     (2)  Sections 1 and 3 shall apply to taxable years beginning after December 31, 2012[; and

     (3)  On December 31, 2015, section 2 shall be repealed and section 235-51(a), (b), and (c), Hawaii Revised Statutes, shall be reenacted in the form in which it read on the day before the effective date of this Act]."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect upon its approval.

 

INTRODUCED BY:

_____________________________

 

 


 


 

Report Title:

Income Tax Rates

 

Description:

Makes permanent the increased income tax rates for high income tax brackets imposed by Act 60, SLH 2009.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.