Bill Text: HI HB2692 | 2016 | Regular Session | Introduced

Hawaii House Bill 2692 (Prior Session Legislation)

Introduced

Bill Title: General Excise Tax; Mass Transit Project; Exemption

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2016-02-17 - The committee(s) on TRN recommend(s) that the measure be deferred. [HB2692 Detail]

Download: Hawaii-2016-HB2692-Introduced.html

HOUSE OF REPRESENTATIVES	H.B. NO.	2692
TWENTY-EIGHTH LEGISLATURE, 2016
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 237, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§237- Exemption of businesses operating in construction areas of county mass transit projects. (a) This chapter shall not apply to the gross income or gross proceeds earned by a business operating in a construction area of a county mass transit project for the duration of the construction of the county mass transit project. This exemption shall only apply to:

(1) The gross income or gross proceeds principally earned by that business within the boundaries of the construction area of a county mass transit project;

(2) Businesses demonstrating an aggregate per cent or greater decrease in annual gross income due to construction activity affecting vehicle accessibility to the business when compared with gross income in the year immediately preceding the start of construction in the area.

(b) To qualify for an exemption under this section, a business shall first submit an application for the exemption with the department, which if satisfied that the business meets the necessary criteria in subsection (a), shall certify to this fact. A business seeking an exemption under this section shall apply for certification on an annual basis.

(1) Prepare any forms that may be necessary to claim an exemption under this section; and

(2) Adopt rules under chapter 91 to effectuate this section.

(d) As used in this section:

"Operating in a construction area" means that the physical premises of the business is located within a half mile of a construction area.

"County mass transit project" means a project for which a county has established a county surcharge on state tax pursuant to section 46-16.8."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2016.

INTRODUCED BY:	_____________________________

Report Title:

General Excise Tax; Mass Transit Project; Exemption

Description:

Establishes a general excise tax exemption for businesses affected by construction from a county mass transit project.

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