REPORT TITLE:
GET and Use Tax Holiday


DESCRIPTION:
Allows the governor to declare a general excise tax and use tax
holiday one day per month for the next two years.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        2779
HOUSE OF REPRESENTATIVES                H.B. NO.           
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO THE GENERAL EXCISE TAX.



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

 1      SECTION 1.  Chapter 237, Hawaii Revised Statutes, is amended
 
 2 by adding a new section to be appropriately designated and to
 
 3 read as follows:
 
 4      "§237-    General excise tax; waiver.  (a)  Any law to the
 
 5 contrary notwithstanding, the governor may waive, by executive
 
 6 order, the assessment and collection of general excise taxes due
 
 7 pursuant to this chapter for no more than the equivalent of one
 
 8 day per calendar month for calendar years 2001 and 2002.
 
 9      (b)  The department of taxation shall adopt rules pursuant
 
10 to chapter 91 to effectuate this Act."
 
11      SECTION 2.  Chapter 238, Hawaii Revised Statutes, is amended
 
12 by adding a new section to be appropriately designated and to
 
13 read as follows:
 
14      "§238-     Use tax; waiver.  (a)  Any law to the contrary
 
15 notwithstanding, the governor may waive, by executive order, the
 
16 assessment and collection of use taxes due pursuant to this
 
17 chapter for no more than the equivalent of one day per calendar
 
18 month for calendar years 2001 and 2002.
 
19      (b)  The department of taxation shall adopt rules pursuant
 

 
Page 2                                                     2779
                                     H.B. NO.           
                                                        
                                                        

 
 1 to chapter 91 to effectuate this Act."
 
 2      SECTION 3.  New statutory material is underscored.
 
 3      SECTION 4.  This Act shall take effect upon its approval;
 
 4 and shall apply to taxable years ending after December 31, 2000
 
 5 and before January 1, 2003.
 
 6 
 
 7                           INTRODUCED BY:  _______________________