Bill Text: HI HB2011 | 2018 | Regular Session | Amended
Bill Title: Relating To Transient Accommodations Tax.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2018-03-23 - Report adopted; Passed Second Reading and referred to WAM. [HB2011 Detail]
Download: Hawaii-2018-HB2011-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2011 |
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TWENTY-NINTH LEGISLATURE, 2018 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO TRANSIENT ACCOMMODATIONS TAX.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 235-20.5, Hawaii Revised Statutes, is amended to read as follows:
"§235-20.5 Tax
administration special fund; established. (a) There is
established a tax administration special fund, into which shall be deposited:
(1) Fees collected under sections 235-20, 235-110.9, and
235-110.91;
(2) Revenues collected by the special enforcement section
pursuant to section 231-85; provided that in each fiscal year, of the total
revenues collected by the special enforcement section[, all revenues in
excess of $700,000]:
(A) An amount not to exceed $1,000,000 shall be deposited into
the special fund, and any amounts in excess of $1,000,000 shall be deposited into the
general fund; and
(B) Of the $1,000,000 collected and deposited pursuant to
subparagraph (A), the first $300,000 of revenues shall be deposited into a
separate account for the purpose described in subsection (b); and
(3) Fines assessed pursuant to section 237D-4.
(b) The moneys in the fund shall be used for the
following purposes:
(1) Issuing comfort letters, letter rulings, written opinions,
and other guidance to taxpayers;
(2) Issuing
certificates under sections 235-110.9 and 235-110.91;
(3) Administering
the operations of the special enforcement section; and
(4) Developing,
implementing, and providing taxpayer education programs, including tax
publications[.];
provided that all moneys in the separate account
established pursuant to subsection (a)(2)(B) shall be used for operations of
the special enforcement section established under section 231-81(a) that
pertain exclusively to the enforcement of chapter 237D."
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 Statutory material to be repealed is bracketed and stricken.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, 2050.
Report Title:
Transient Accommodations Tax Enforcement; Tax Administration Special Fund; Special Enforcement Section
Description:
Increases the revenue threshold for the tax administration special fund and allocates the additional moneys to the special enforcement section for the enforcement of the transient accommodations tax. (HB2011 HD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
