Bill Text: HI HB1492 | 2022 | Regular Session | Amended

Hawaii House Bill 1492 (Prior Session Legislation)

Bill Title: Relating To Taxation.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-02-15 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) McKelvey excused (1). [HB1492 Detail]

Download: Hawaii-2022-HB1492-Amended.html

HOUSE OF REPRESENTATIVES	H.B. NO.	1492
THIRTY-FIRST LEGISLATURE, 2022		H.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO TAXATION.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Chapter 231, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§231- Failure to respond; inspection or examination of records. (a) No person shall fail to timely:

(1) Reply to the department; or

(2) Acknowledge correspondence or an inquiry from the department,

with respect to the department's actual or attempted inspection or examination of records under section 231-3(6).

(b) Except as provided in subsection (c), a person who violates this section shall be subject to a civil penalty equal to twenty-five per cent of the any state taxes owed, as based on the records; provided that the penalty shall not exceed $10,000.

SECTION 2. This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.

SECTION 3. New statutory material is underscored.

SECTION 4. This Act shall take effect on July 1, 2022.

Report Title:

DOTAX; Inspection; Examination; Records; Correspondence; Penalties

Description:

Establishes a civil penalty for failure to respond to the department of taxation in relation to an inspection or examination of records. (HD1)

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