Bill Text: HI SB2508 | 2018 | Regular Session | Amended
Bill Title: Relating To Taxation.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2018-03-08 - Referred to FIN, referral sheet 35 [SB2508 Detail]
Download: Hawaii-2018-SB2508-Amended.html
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THE SENATE |
S.B. NO. |
2508 |
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TWENTY-NINTH LEGISLATURE, 2018 |
S.D. 1 |
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STATE OF HAWAII |
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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- Persons lacking physical presence in the State; nexus presumptions. A person that lacks physical presence in the State is presumed to be systematically and regularly engaging in business in the State and taxable under this chapter if, during the current or preceding calendar year:
(1) The person engages in or solicits or more business transactions with persons within the State; and
(2) The sum of the
value of the person's gross income attributable to sources in this State equals
or exceeds $100,000."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2018.
Report Title:
General Excise Tax; Out-of-State Business; Nexus Standard
Description:
Creates a nexus standard for taxing out-of-state businesses on their business activities in Hawaii. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
