§235-20.5  Tax administration special fund; established.  [Repeal and reenactment on January 1, 2011.  L 2007, c 206, §8.]  There is established a tax administration special fund, into which shall be deposited fees collected under sections 235-20, 235-110.9, and 235-110.91, and penalties collected under section 2 of Act 206 [Session Laws of Hawaii 2007].  The moneys in the fund shall be expended by the department to offset the costs associated with:

     (1)  Issuing comfort letters;

     (2)  Administering the tax credit under section 235-110.9, including issuing certificates; and

     (3)  Issuing certificates under section 235-110.91. [L 2004, c 215, pt of §3; am L 2007, c 206, §3]

 

Note

 

  The 2007 amendment applies to investments received by a qualified high technology business after June 30, 2007.  L 2007, c 206, §8.