Bill Text: HI HB1521 | 2017 | Regular Session | Introduced

Hawaii House Bill 1521 (Prior Session Legislation)

Introduced

Bill Title: Relating To Exemptions.

Spectrum: Moderate Partisan Bill (Democrat 8-1)

Status: (Introduced - Dead) 2017-01-30 - Referred to HSG, FIN, referral sheet 6 [HB1521 Detail]

Download: Hawaii-2017-HB1521-Introduced.html

HOUSE OF REPRESENTATIVES	H.B. NO.	1521
TWENTY-NINTH LEGISLATURE, 2017
STATE OF HAWAII

A BILL FOR AN ACT

relating to exemptions.

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

SECTION 1. Section 237-24.75, Hawaii Revised Statutes, is amended to read as follows:

"§237-24.75 Additional exemptions. In addition to the amounts exempt under section 237-24, this chapter shall not apply to:

(1) Amounts received as a beverage container deposit collected under chapter 342G, part VIII;

(2) Amounts received by the operator of the Hawaii convention center for reimbursement of costs or advances made pursuant to a contract with the Hawaii tourism authority under section 201B‑7; [~~and~~]

(3) Amounts received by a professional employer organization that is registered with the department of labor and industrial relations pursuant to chapter 373L, from a client company equal to amounts that are disbursed by the professional employer organization for employee wages, salaries, payroll taxes, insurance premiums, and benefits, including retirement, vacation, sick leave, health benefits, and similar employment benefits with respect to covered employees at a client company; provided that this exemption shall not apply to amounts received by a professional employer organization after:

(A) Notification from the department of labor and industrial relations that the professional employer organization has not fulfilled or maintained the registration requirements under this chapter; or

(B) A determination by the department that the professional employer organization has failed to pay any tax withholding for covered employees or any federal or state taxes for which the professional employer organization is responsible.

As used in this paragraph, "professional employer organization", "client company", and "covered employee" shall have the meanings provided in section 373L-1[.]; and

(4) Amounts received by a landlord for the leasing of housing to a tenant participating in the federal housing choice voucher program; provided that the lease is approved by the Hawaii public housing authority or a county public housing agency."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2017.

INTRODUCED BY:	_____________________________

Report Title:

General Excise Tax; Housing Choice Voucher Program; Exemption

Description:

Exempts rental income received for leasing housing to tenants participating in the federal housing choice voucher (section 8) program from the general excise tax.

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.