Bill Text: HI SB339 | 2016 | Regular Session | Introduced
Bill Title: General Excise Tax; Monthly, Quarterly, or Semiannual Returns; Payments
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Introduced - Dead) 2015-12-17 - Carried over to 2016 Regular Session. [SB339 Detail]
Download: Hawaii-2016-SB339-Introduced.html
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THE SENATE |
S.B. NO. |
339 |
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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 THE GENERAL EXCISE TAX COLLECTION DATE.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 237-30, Hawaii Revised Statutes, is amended by amending subsections (a) and (b) to read as follows:
"(a) The
taxes levied hereunder shall be payable in monthly installments on or before
the [twentieth] last day of the calendar month following the
month in which they accrue. The taxpayer, on or before the [twentieth]
last day of the calendar month following the month in which the taxes
accrue, shall make out and sign a return of the installment of tax for which
the taxpayer is liable for the preceding month and transmit the same, together
with a remittance, in the form required by section 237-31, for the amount of
the tax, to the office of the department of taxation in the appropriate
district hereinafter designated.
(b) Notwithstanding subsection (a), the director of taxation, for good cause, may permit a taxpayer to file the taxpayer's return required under this section and make payments thereon:
(1) On a quarterly basis during the calendar or
fiscal year, the return and payment to be made on or before the [twentieth]
last day of the calendar month after the close of each quarter, to wit: for
calendar year taxpayers, on or before April [20,] 30, July [20,]
31, October [20,] 31, and January [20] 31
or, for fiscal year taxpayers, on or before the [twentieth] last
day of the fourth month, seventh month, and tenth month following the beginning
of the fiscal year and on or before the [twentieth] last day of
the month following the close of the fiscal year; provided that the director is
satisfied that the grant of the permit will not unduly jeopardize the
collection of the taxes due thereon and the taxpayer's total tax liability for
the calendar or fiscal year under this chapter will not exceed $4,000; or
(2) On a semiannual
basis during the calendar or fiscal year, the return and payment to be made on
or before the [twentieth] last day of the calendar month after
the close of each six-month period, to wit: for calendar year taxpayers, on
July [20] 31 and January [20] 31 or, for
fiscal year taxpayers, on or before the [twentieth] last day of
the seventh month following the beginning of the fiscal year and on or before
the last day of the month following the close of the fiscal year; provided that
the director is satisfied that the grant of the permit will not unduly
jeopardize the collection of the taxes due thereon and the taxpayer's total tax
liability for the calendar or fiscal year under this chapter will not exceed
$2,000.
The director, for good cause, may permit a taxpayer to make monthly payments based on the taxpayer's estimated quarterly or semiannual liability, provided the taxpayer files a reconciliation return at the end of each quarter or at the end of each six-month period during the calendar or fiscal year, as provided in this section."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act, upon its approval, shall apply to returns and payments due on or after January 1, 2016.
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INTRODUCED BY: |
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Report Title:
General Excise Tax; Monthly, Quarterly, or Semiannual Returns; Payments
Description:
Amends the date of filing of monthly, quarterly, semiannual, and annual general excise tax returns from the 20th day of the respective applicable month to the last day of the month. Applies to returns and payments due on or after 1/1/16.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
