Bill Text: HI SB2695 | 2016 | Regular Session | Amended
Bill Title: State Tax on County Surcharge; Administrative Cost; Ten Per cent
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Introduced - Dead) 2016-02-18 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. [SB2695 Detail]
Download: Hawaii-2016-SB2695-Amended.html
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THE SENATE |
S.B. NO. |
2695 |
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TWENTY-EIGHTH LEGISLATURE, 2016 |
S.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO COUNTY SURCHARGE TAX.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 248-2.6, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) If adopted by county ordinance, all
county surcharges on state tax collected by the director of taxation shall be
paid into the state treasury quarterly, within ten working days after
collection, and shall be placed by the director of finance in special
accounts. Out of the revenues generated by county surcharges on state tax paid
into each respective state treasury special account, the director of finance
shall deduct [ten per cent of the gross proceeds of a respective county's
surcharge on state tax to reimburse the State for] the costs of assessment,
collection, and disposition of the county surcharge on state tax incurred by
the State. Amounts retained shall be general fund realizations of the State."
SECTION 2. Statutory material to be repealed is bracketed.
SECTION 3. This Act shall take effect upon its approval.
Report Title:
State Tax on County Surcharge; Administrative Cost; Ten Per cent
Description:
Repeals the ten per cent deduction on county surcharge on state excise taxes. (SD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
