Category Archives: General Excise (HRS 237)

SB 1203, HD1

SUBJECT:  ADMINISTRATION, INCOME, GENERAL EXCISE, USE, LIQUOR, TOBACCO, FUEL, RENTAL MOTOR VEHICLE, Technical Cleanup

BILL NUMBER:  SB 1203, HD1

INTRODUCED BY:  House Committee on Economic Development

EXECUTIVE SUMMARY:  Amends title 14, Hawaii Revised Statutes, to make nonsubstantive changes for clarity and to delete obsolete provisions.

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HB 58, Proposed SD1

SUBJECT:  ESTATE, GENERAL EXCISE, USE, CONVEYANCE, Omnibus Tax Increase and Suspension of Exemptions

BILL NUMBER:  HB 58, Proposed SD1

INTRODUCED BY:  Senate Committee on Ways and Means

EXECUTIVE SUMMARY:  Temporarily reallocates conveyance tax revenues for purposes of paying the principal and interest of general obligation bonds.  Authorizes the issuance of general obligation bonds to be appropriated into and out of the land conservation fund and rental housing revolving fund.  Amends the exclusion amount of Hawaii’s estate tax.  From 7/1/2021 through 6/30/2023, temporarily repeals certain general excise tax exemptions.  Increases conveyance taxes for the sale of properties valued at $4,000,000 or greater.

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HB 1174, SD1 Proposed

SUBJECT:  INCOME, GENERAL EXCISE, Motion Picture Credit Modification and Extension, Reduces Cap Amounts of Renewable Energy Credit

BILL NUMBER:  HB 1174, SD1 Proposed

INTRODUCED BY:  Senate Committee on Energy, Economic Development, and Tourism

EXECUTIVE SUMMARY:  Amends the motion picture, digital media, and film production income tax credit by:  (1) Reducing the cap amount and aggregate cap amount of the credit; (2) Requiring the department of business, economic development, and tourism to publish on its website the names of the qualified productions and the amount of the tax credits claimed per qualified production per filing year; (3)  Adjusting the general excise tax from 4% to .5% per cent for qualified productions costing less than $3,000,000 per qualified production; and (4) Allowing the tax credit for qualified productions costing less than $3,000,000 to be carried over and applied to the taxpayer’s future state tax liability.  Extends the repeal date of the tax credit from 1/1/2026 to 1/1/2033.  Effective 7/1/2050.  Reduces the cap amounts of the renewable energy technologies income tax credit.

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HB 476, HD3

SUBJECT:  TOBACCO, GENERAL EXCISE, USE, Include electronic smoking devices

BILL NUMBER:  HB 476, HD3

INTRODUCED BY:  House Committee on Finance

EXECUTIVE SUMMARY:  Imposes an excise tax of fifty percent of the otherwise applicable tax under section 245-3, HRS, on every wholesaler for each modified risk tobacco product sold, used, or possessed by a wholesaler.  Defines modified risk tobacco product.  Establishes taxation of e-liquids used in electronic smoking devices.  Requires wholesalers and dealers to be licensed.  Requires retailers of tobacco and e-liquids to obtain permits.  Effective 7/1/2060.

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SB 1203, SD1

SUBJECT:  ADMINISTRATION, INCOME, GENERAL EXCISE, USE, LIQUOR, TOBACCO, FUEL, RENTAL MOTOR VEHICLE, Technical Cleanup

BILL NUMBER:  SB 1203, SD1

INTRODUCED BY:  Senate Committee on Ways and Means

EXECUTIVE SUMMARY:  Amends title 14, Hawaii Revised Statutes, to make nonsubstantive changes for clarity and to delete obsolete provisions.

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SB 594, SD1

SUBJECT: GENERAL EXCISE, Exempt low liability taxpayers from periodic filing

BILL NUMBER:  SB 594, SD1

INTRODUCED BY:  Senate Committee on Ways and Means

EXECUTIVE SUMMARY:  Authorizes the director of taxation to exempt a taxpayer whose annual general excise tax liability does not exceed $100 from monthly, quarterly, or semiannual general excise tax filing requirements, provided that the taxpayer files an annual return.

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SB 645, SD1

SUBJECT:  GENERAL EXCISE, USE, Extends Period for Counties to Opt-In on Surcharge

BILL NUMBER:  SB 645, SD1

INTRODUCED BY:  Senate Committee on Public Safety, Intergovernmental, and Military Affairs

EXECUTIVE SUMMARY: Extends the period in which a county may adopt a surcharge on state tax, under certain conditions, from 3/31/2019 to 7/1/2023. Authorizes the use of county surcharge revenues for affordable and workforce housing infrastructure.

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