REPORT TITLE:
Cult./Arts; Dedicated Funding


DESCRIPTION:
Earmarks certain art related taxes for use by the State
Foundation on Culture and the Arts.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        2026 
HOUSE OF REPRESENTATIVES                H.B. NO.           
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO CULTURE AND THE ARTS.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Chapter 9, Hawaii Revised Statutes, is amended
 
 2 by adding a new section to be appropriately designated and to
 
 3 read as follows:
 
 4      "§9-    Culture and the arts special fund.  (a)  There is
 
 5 established in the state treasury the culture and the arts
 
 6 special fund, into which shall be deposited:
 
 7      (1)  All revenues collected under section 237-31(b)(4); and
 
 8      (2)  Appropriations made by the legislature to the fund.
 
 9      (b)  Moneys in the culture and the arts special fund shall
 
10 be used by the foundation on culture and the arts for purposes
 
11 designated by law.
 
12      (c)  The balance in the culture and the arts special fund
 
13 shall not exceed $1,000,000.  Deposits that cause the fund to
 
14 exceed such limit, shall be transferred to the credit of the
 
15 state general fund equal to the amount in excess of the fund
 
16 limit."
 
17      SECTION 2.  Section 237-31, Hawaii Revised Statutes, is
 
18 amended to read as follows:
 
19      "§237-31  Remittances.  (a)  All remittances of taxes
 

 
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 1 imposed by this chapter shall be made by money, bank draft,
 
 2 check, cashier's check, money order, or certificate of deposit to
 
 3 the office of the department of taxation to which the return was
 
 4 transmitted.  The department shall issue its receipts therefor to
 
 5 the taxpayer and, except as otherwise provided by this section,
 
 6 shall pay the moneys into the state treasury as a state
 
 7 realization, to be kept and accounted for as provided by law
 
 8 [;provided that:].
 
 9      (b)  Of the foregoing revenues:
 
10      (1)  The sum from all general excise tax revenues realized
 
11           by the State that represents the difference between
 
12           $45,000,000 and the proceeds from the sale of any
 
13           general obligation bonds authorized for that fiscal
 
14           year for the purposes of the state educational
 
15           facilities improvement special fund shall be deposited
 
16           in the state treasury in each fiscal year to the credit
 
17           of the state educational facilities improvement special
 
18           fund;
 
19      (2)  A sum, not to exceed $5,000,000, from all general
 
20           excise tax revenues realized by the State shall be
 
21           deposited in the state treasury in each fiscal year to
 
22           the credit of the compound interest bond reserve fund;
 

 
 
 
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                                     H.B. NO.           
                                                        
                                                        


 1           [and]
 
 2      (3)  A sum, not to exceed the amount necessary to meet the
 
 3           obligations of the integrated tax information
 
 4           management systems performance-based contract may be
 
 5           retained and deposited in the state treasury to the
 
 6           credit of the integrated tax information management
 
 7           systems special fund.  The sum retained by the director
 
 8           of taxation for deposit to the integrated tax
 
 9           information managements systems special fund for each
 
10           fiscal year shall be limited to amounts appropriated by
 
11           the legislature.  This paragraph shall be repealed on
 
12           July 1, 2004[.]; and
 
13      (4)  A sum equal to:
 
14           (A)  Ten per cent of all general excise tax revenues
 
15                realized under section 237-13(4); and
 
16           (B)  Ten per cent of all general excise tax revenues
 
17                realized under section 237-18(f) relating to
 
18                cultural and educational facilities;
 
19           shall be deposited into the culture and the arts
 
20           special fund established under section 9-  ."
 
21      SECTION 3.  Statutory material to be repealed is bracketed.
 
22 New statutory material is underscored.
 

 
 
 
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 1      SECTION 4.  This Act shall take effect on July 1, 2000.
 
 2 
 
 3                           INTRODUCED BY:  _______________________