Bill Text: HI SB2377 | 2022 | Regular Session | Amended
Bill Title: Relating To State Tax Examinations.
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Engrossed - Dead) 2022-04-06 - The committee(s) on FIN recommend(s) that the measure be deferred. [SB2377 Detail]
Download: Hawaii-2022-SB2377-Amended.html
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THE SENATE |
S.B. NO. |
2377 |
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THIRTY-FIRST LEGISLATURE, 2022 |
S.D. 1 |
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STATE OF HAWAII |
H.D. 1 |
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A BILL FOR AN ACT
RELATING TO STATE TAX EXAMINATIONS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 231, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§231- Failure to respond during an inspection or examination. (a)
Any person who fails to respond or reply
to the department's correspondence or inquiry within a timely manner during an inspection
or examination of records under section 231-3(6) shall be subject to a
penalty equal to twenty-five per cent of the tax owed; provided that the penalty
shall not exceed $10,000.
(b) The director may waive the penalty imposed in subsection
(a) if the failure was due to reasonable cause."
SECTION 2. This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.
SECTION 3. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
Report Title:
Department of Taxation; Tax Examination; Tax Inspection; Records; Penalty
Description:
Establishes a penalty for failure to respond to an inquiry or request during an official state tax inspection or examination of records. (HD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
