HI HB1240 | 2016 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 29 2015 - 25% progression, died in committee
Action: 2015-12-17 - Carried over to 2016 Regular Session.
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

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

Sponsors


History

DateChamberAction
2015-12-17 Carried over to 2016 Regular Session.
2015-02-06HouseRe-referred to FIN, referral sheet 10
2015-02-02HouseReferred to EDN, FIN, referral sheet 6
2015-01-29HouseIntroduced and Passed First Reading
2015-01-28HousePending introduction.

Hawaii State Sources


Bill Comments

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