THE TWENTY-EIGHTH LEGISLATURE
REGULAR SESSION OF 2015
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Senator Jill N. Tokuda, Chair |
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Senator Ronald D. Kouchi, Vice Chair |
NOTICE OF HEARING
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DATE: |
Thursday, April 09, 2015 |
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TIME: |
9:00am |
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PLACE: |
Conference Room 211 State Capitol 415 South Beretania Street |
A G E N D A
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RELATING TO TAXATION. Amends the definition of "tobacco products", including by expanding the definition to include any product containing nicotine, but not containing tobacco. Imposes an excise tax equal to eighty per cent of the wholesale price of any tobacco product, other than large cigars, sold by a wholesaler or dealer on and after January 1, 2016, whether or not sold at wholesale, or if not sold then at the same rate upon the use by the wholesaler or dealer. Requires the moneys collected under the increased excise tax rate to be deposited to the credit of the Hawaii cancer research special fund. Effective 7/1/2053. (SD1)
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CPN, WAM |
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RELATING TO TAXATION. Amends the definition of "tobacco products", to include any product containing nicotine, but not containing tobacco. Imposes an excise tax equal to 80% of the wholesale price of any tobacco product, other than large cigars, sold by a wholesaler or dealer on and after 1/1/2016, whether or not sold at wholesale, or if not sold then at the same rate upon the use by the wholesaler or dealer. Requires the moneys collected under the increased excise tax rate to be deposited to the credit of the Hawaii cancer research special fund. Amends the excise tax rate on the sale of large cigars beginning on 12/31/2015 to the lesser of 50 cents for each large cigar or 50% of the wholesale price of each large cigar. Effective 7/1/2050. (SD2 Proposed)
Copies of the proposed SD 2 are available from the Senate Document Center and on the Legislature's website: www.capitol.hawaii.gov.
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CPN, WAM |
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Decision Making to follow, if time permits.
Click here to submit testimony to the Senate Committee on Ways and Means.
Testimony may be submitted up to 24 hours prior to the start of the hearing.
FOR AMENDED NOTICES: Measures that have been deleted are stricken through and measures that have been added are underscored. If a measure is both underscored and stricken through, that measure has been deleted from the agenda.
If you require auxiliary aids or services to participate in the public hearing process (i.e. ASL or foreign language interpreter, or wheelchair accessibility), please contact the committee clerk at least 24 hours prior to the hearing so that arrangements can be made.
FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT (808)586-6800.
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_____________________________________ Senator Jill N. Tokuda Chair |
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