Hawaii House Bill 1240 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 29 2015 - 25% progression, died in chamber
Action: 2015-02-06 - Re-referred to FIN, referral sheet 10
Text: Latest bill text (Introduced) [HTML]

Allows counties that have adopted a 0.5% surcharge on the general excise tax to continue to levy the surcharge beyond 12/31/22 at a lower rate. Allows counties that have not yet adopted a surcharge on the general excise tax to do so at the lower rate. Surcharge to sunset on 12/31/2052. Increases the general excise tax by 0.25% to provide a dedicated funding source for the department of education. Requires that other funding sources for the department of education not drop below a minimum level.

County Surcharge on State Tax; General Excise Tax; Increase; Department of Education

Sen. Karl Rhoads [D]

Rep. Roy Takumi [D]

Date	Chamber	Action
2015-02-06	House	Re-referred to FIN, referral sheet 10
2015-02-02	House	Referred to EDN, FIN, referral sheet 6
2015-01-29	House	Introduced and Passed First Reading
2015-01-28	House	Pending introduction.

Type	Source
Summary	http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=1240&year=2015
Text	http://www.capitol.hawaii.gov/session2015/bills/HB1240_.HTM