Category Archives: Uncategorized

HB 2246, HD-1

SUBJECT:  ADMINISTRATION, Require PTIN Use by Paid Preparers

BILL NUMBER:  HB 2246, HD-1

INTRODUCED BY: House Committee on Intrastate Commerce

EXECUTIVE SUMMARY: Requires a person who prepares or assists in the preparation of a state income tax return, and all the preparer’s agents, to obtain a valid and current federal preparer tax identification number. Requires the person who has primary responsibility for the overall accuracy of the tax return to sign the return and provide the person’s federal preparer tax identification number.

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HB 2251, HD-1

SUBJECT:  INCOME, Assess Feasibility of Hawaii Retirement Savings Program

BILL NUMBER:  HB 2251, HD-1

INTRODUCED BY: House Committee on Labor

EXECUTIVE SUMMARY: Establishes the retirement savings task force to secure a consultant to assess the feasibility of a Hawaii retirement savings program; research the implications of the enactment of the federal SECURE Act; draft an implementation plan for the retirement savings program; and submit a report to the legislature. Appropriates funds. Sunsets the task force on 6/30/2021. Takes effect on 1/1/2050.

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HB 1970

SUBJECT:  INCOME, Technical Amendment to Statute of Limitations

BILL NUMBER:  HB 1970

INTRODUCED BY:  LUKE

EXECUTIVE SUMMARY:  Was intended to eliminate a redundancy regarding the reopening of the statute of limitations for income tax purposes if a federal contract is renegotiated.  The Foundation has agreed with the Department of Taxation that the bill has an unintended substantive effect and should not move forward.

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