Category Archives: Insurance Premiums (HRS 431)

HB 1173 HD 1

Administration (HRS 231), Conveyance (HRS 247), General Excise (HRS 237), Insurance Premiums (HRS 431), Miscellaneous, Net Income (HRS 235), Rental Motor Vehicle and Tour Vehicle Surcharge (HRS 251), Transient Accommodations Tax (HRS 237D), Use (HRS 238)

SUBJECT:  ADMINISTRATION, NET INCOME, GENERAL EXCISE, USE, TRANSIENT ACCOMMODATIONS, CONVEYANCE, RENTAL MOTOR VEHICLE, INSURANCE PREMIUM, MISCELLANEOUS, Discharge Tax Liens When Unenforceable

BILL NUMBER: HB 1173 HD 1

INTRODUCED BY: House Committee on Finance

EXECUTIVE SUMMARY: Requires the Department of Taxation to: (1) State the assessment date on certificates of tax lien; and (2) Issue certificates of discharge when the tax liability on which a lien is based has become unenforceable by lapse of time. Continue reading HB 1173 HD 1 →

HB 1173

Administration (HRS 231), Conveyance (HRS 247), General Excise (HRS 237), Insurance Premiums (HRS 431), Miscellaneous, Net Income (HRS 235), Rental Motor Vehicle and Tour Vehicle Surcharge (HRS 251), Transient Accommodations Tax (HRS 237D), Use (HRS 238)

SUBJECT:  ADMINISTRATION, NET INCOME, GENERAL EXCISE, USE, TRANSIENT ACCOMMODATIONS, CONVEYANCE, RENTAL MOTOR VEHICLE, INSURANCE PREMIUM, MISCELLANEOUS, Discharge Tax Liens When Unenforceable

BILL NUMBER: HB 1173

INTRODUCED BY: YAMASHITA

EXECUTIVE SUMMARY: Requires the Department of Taxation to: (1) State the assessment date on certificates of tax lien; and (2) Issue certificates of discharge when the tax liability on which a lien is based has become unenforceable by lapse of time. Continue reading HB 1173 →

HB 2686 HD 1 SD 1

Conveyance (HRS 247), Insurance Premiums (HRS 431), Transient Accommodations Tax (HRS 237D)

SUBJECT: TRANSIENT ACCOMMODATIONS, CONVEYANCE, INSURANCE PREMIUMS, Tax Hikes to Stabilize Property Insurance

BILL NUMBER: HB 2686 HD 1 SD 1

INTRODUCED BY: Senate Committees on Commerce and Consumer Protection and Energy, Economic Development, and Tourism

EXECUTIVE SUMMARY: Attempts to stabilize property insurance in the State through unspecified increases in the TAT and Conveyance Tax, and reinstatement of the special mortgage recording fee. Continue reading HB 2686 HD 1 SD 1 →

SB 3081, HB 2392

Insurance Premiums (HRS 431)

SUBJECT: INSURANCE PREMIUM, One-Year Exemption for New Captive Insurers

BILL NUMBER: SB 3081, HB 2392

INTRODUCED BY: SB by KOUCHI; HB by SAIKI (Governor’s Package)

EXECUTIVE SUMMARY: Amends various provisions of title 24, HRS, to update and improve existing provisions. Defines “dormant captive insurance company” and sets out a procedure to apply for the certificate of dormancy. Adds the term “doing business as” to “trade name” statutory references. Clarifies continuing education provider filing requirements. Clarifies reinsurance intermediary-manager filing requirements. Amends the surety bond threshold requirement for third party administrators and clarifies the audited financial statements requirements. Amends the definitions of “controlled unaffiliated business” and “participant” as applied to captive insurance companies. Provides for exemption from premium taxes for a captive insurer in its first year after formation. Continue reading SB 3081, HB 2392 →

HB 1522

Franchise (HRS 241), Insurance Premiums (HRS 431), Net Income (HRS 235)

SUBJECT:  INCOME, FRANCHISE, INSURANCE PREMIUM, Diversified Farming Business Investment Tax Credit

BILL NUMBER:  HB 1522

INTRODUCED BY:  MCKELVEY, MORIKAWA, SAN BUENAVENTURA, TODD, WARD

EXECUTIVE SUMMARY:  Enacts a new income tax credit to encourage investment in sustainable agriculture.  A direct appropriation would be preferable as it would provide some accountability for the taxpayer funds being utilized to support this effort.  Meaning, we as taxpayers know what we’re getting and we know how much we’re paying for it.

Continue reading HB 1522 →

SB 2547, CD-1

General Excise (HRS 237), Insurance Premiums (HRS 431), Public Service Company (HRS 239), Use (HRS 238)

 

SUBJECT: GENERAL EXCISE, USE, PUBLIC SERVICE COMPANY, INSURANCE PREMIUM, Periodic Review of Exemptions, Deductions, and Credits

BILL NUMBER:  SB 2547, CD-1

INTRODUCED BY:  Conference Committee

EXECUTIVE SUMMARY:  This bill would require the State Auditor to periodically review the myriad exemptions, deductions, and other tax benefits now provided under chapters 237, 238, and 239, as well as some miscellaneous provisions.

Continue reading SB 2547, CD-1 →

SB 2854, HD-1

Insurance Premiums (HRS 431)

SUBJECT:  INSURANCE, Require Electronic Filing and Payment for Premium Taxes

BILL NUMBER:  SB 2854, HD-1

INTRODUCED BY:  House Committee on Consumer Protection & Commerce

EXECUTIVE SUMMARY:  Sections 3 and 4 of the bill require e-filing and e-payment of premium tax returns.  The bill as it now exists sets a liability threshold which the Insurance Commissioner thinks is not necessary.  It also dissociates filing and payment, which decreases administrative efficiency.

Continue reading SB 2854, HD-1 →

SB 2854, SD-2

Insurance Premiums (HRS 431)

SUBJECT:  INSURANCE, Require Electronic Filing and Payment for Premium Taxes

BILL NUMBER:  SB 2854, SD-2

INTRODUCED BY:  Senate Committee on Ways and Means

EXECUTIVE SUMMARY:  Sections 3 and 4 of the bill require e-filing and e-payment of premium tax returns.  Consideration might be given to setting liability thresholds at which the filing and/or payment requirements are triggered.

Continue reading SB 2854, SD-2 →