Bill Text: HI SB2187 | 2014 | Regular Session | Introduced
Bill Title: Secure and Fair Enforcement for Mortgage Licensing Act; Mortgage Loan Origination; Mortgage Loan Originator Companies
Spectrum: Partisan Bill (Democrat 7-0)
Status: (Introduced - Dead) 2014-01-17 - Referred to WAM. [SB2187 Detail]
Download: Hawaii-2014-SB2187-Introduced.html
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THE SENATE |
S.B. NO. |
2187 |
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TWENTY-SEVENTH LEGISLATURE, 2014 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to taxes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 236E-8, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) With respect to the estates of decedents dying after January 25, 2012, the tax based on the Hawaii net taxable estate shall be as provided in the following schedule:
If the Hawaii net taxable estate is: The tax shall be:
[$1,000,000 or less 10% of the
Hawaii net taxable estate]
Over $1,000,000 but $100,000 plus 11.0% of the amount by
not over $2,000,000 which the Hawaii net taxable estate exceeds $1,000,000
Over $2,000,000 but $210,000 plus 12% of the amount by
not over $3,000,000 which the Hawaii net taxable estate exceeds $2,000,000
Over $3,000,000 but $330,000 plus 13% of the amount by
not over $4,000,000 which the Hawaii net taxable estate
exceeds $3,000,000
Over $4,000,000 but $460,000 plus 14% of the amount by
not over $5,000,000 which the Hawaii net taxable estate
exceeds $4,000,000
Over $5,000,000 $600,000 plus 15.7% of the amount by
which the Hawaii net taxable estate exceeds $5,000,000."
SECTION 2. Statutory material to be repealed is bracketed and stricken.
SECTION 3. This Act shall take effect on July 1, 2014.
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INTRODUCED BY: |
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Report Title:
Estate Tax; Repeal
Description:
Repeals the estate tax on estates that are valued at $1,000,000 or less.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
