Bill Text: HI HB418 | 2011 | Regular Session | Amended
Bill Title: Taxation; Electronic Payment
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed - Dead) 2011-03-21 - (S) The committee on EDT deferred the measure. [HB418 Detail]
Download: Hawaii-2011-HB418-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
418 |
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TWENTY-SIXTH LEGISLATURE, 2011 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO GENERAL EXCISE TAX LAW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 231-9.9, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"§231-9.9 Filing and payment of taxes
by electronic funds transfer. (a) The director of taxation is authorized
to require every person whose tax liability for any one taxable year exceeds [$100,000]
$50,000 and who files a tax return for any tax, including consolidated
filers, to remit taxes by one of the means of electronic funds transfer
approved by the department; provided that for withholding taxes under section
235-62, electronic funds transfers shall apply to annual tax liabilities that
exceed [$40,000.] $20,000. Notwithstanding the tax liability
thresholds in this subsection, the director of taxation is authorized to
require any person who is required to electronically file a federal return or
electronically remit any federal taxes to the federal government, to
electronically file a state return and electronically remit any state taxes
under title 14 to the department. The director is authorized to grant an
exemption to the electronic filing and payment requirements for good cause."
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 Statutory material to be repealed is bracketed and stricken.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, 2030.
Report Title:
Taxation; Electronic Payment
Description:
Amends the thresholds of annual tax liability at which the Director of Taxation is authorized to require the remittance of taxes via an approved electronic funds transfer method. Effective July 1, 2030. (HB418 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
