Bill Text: HI SB2685 | 2018 | Regular Session | Amended
Bill Title: Relating To The General Excise Tax.
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Introduced - Dead) 2018-02-06 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. [SB2685 Detail]
Download: Hawaii-2018-SB2685-Amended.html
|
THE SENATE |
S.B. NO. |
2685 |
|
TWENTY-NINTH LEGISLATURE, 2018 |
S.D. 1 |
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO THE GENERAL EXCISE TAX.
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- Exemption; qualified small farmers. (a) This chapter shall not apply to the gross proceeds received by a qualified small farmer for the sale of produce that is intended for human consumption. The gross proceeds of the sale of produce received by a qualified small farmer shall be exempt from the tax imposed by this chapter for a maximum period of five years.
(b) For the purposes of this section:
"Produce" means any
fresh fruit or vegetable grown in the soil or hydroponically, regardless of
whether organic, that is sold in the same general condition as when it was
harvested.
"Qualified small
farmer" means a person or entity that cultivates the land in the State in
order to grow produce for human consumption; provided that the produce for
which an exemption is claimed under this section is grown on a parcel of land
that:
(1) Is no larger
than acres;
(2) Has been fallow
for a period of no less than five consecutive years immediately prior to the
year for which an exemption is first claimed under this section; and
(3) Is classified and zoned as agricultural land by the land use commission and the county."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval and shall apply to gross income or gross proceeds received after December 31, 2018, and before January 1, 2023; provided that this Act shall be repealed on January 1, 2023.
Report Title:
Small Farmer; General Excise Tax; Exemption
Description:
Exempts the gross proceeds received by any qualified small farmer from the sale of produce intended for human consumption from the general excise tax. Repeals on 1/1/2023. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
