Bill Text: HI SB864 | 2016 | Regular Session | Introduced

Hawaii Senate Bill 864 (Prior Session Legislation)

Introduced

Bill Title: GET; Exemptions

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-01-21 - Re-Referred to CPH/EDU, WAM. [SB864 Detail]

Download: Hawaii-2016-SB864-Introduced.html

THE SENATE	S.B. NO.	864
TWENTY-EIGHTH LEGISLATURE, 2015
STATE OF HAWAII

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‑ Exemption of rent. (a) There shall be exempted from, and excluded from the measure of, the taxes imposed by this chapter all of the gross proceeds or income arising from the payment of rent by a tenant who is a teacher; provided that the exemption shall be limited to the first $1,000 of rent received for the occupancy of a dwelling place per month.

(b) As used in this section:

"Rent" shall have the same meaning as in section 235-55.7. "Teacher" shall have the same meaning as in section 302A-501."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2015, and shall apply to taxable years beginning after December 31, 2015.

INTRODUCED BY:	_____________________________

Report Title:

GET; Exemptions

Description:

Exempts a portion of a rent received from a tenant who is a teacher from the general excise tax.

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