Bill Text: HI SB261 | 2015 | Regular Session | Introduced
Bill Title: Income Tax Rates
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-01-23 - Referred to WAM. [SB261 Detail]
Download: Hawaii-2015-SB261-Introduced.html
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THE SENATE |
S.B. NO. |
261 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
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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. Act 60, Session Laws of Hawaii 2009, as amended by Act 97, Session Laws of Hawaii 2011, is amended by amending section 6 to read as follows:
"SECTION 6. This Act shall take effect upon approval; provided that:
(1) Section 2 shall apply to taxable years beginning after December 31, 2008; and
(2) Sections 1 and 3 shall apply to taxable years
beginning after December 31, 2012[; and
(3) On December 31, 2015, section 2 shall
be repealed and section 235-51(a), (b), and (c), Hawaii Revised Statutes, shall
be reenacted in the form in which it read on the day before the effective date
of this Act]."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
Income Tax Rates
Description:
Makes permanent the increased income tax rates for high income tax brackets imposed by Act 60, SLH 2009.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
