REPORT TITLE:
GET; Exemption


DESCRIPTION:
Imposes a reduced GET on sales of promotional goods and services.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        3027
THE SENATE                              S.B. NO.           
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO 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-     Promotional goods or services; exemption.
 
 5 Notwithstanding any law or provision under this chapter to the
 
 6 contrary, the tax imposed under this chapter on amounts received
 
 7 for promotional goods or services sold by a licensed seller shall
 
 8 be one-half of one per cent.
 
 9      For the purposes of this section, "promotional goods and
 
10 services" means goods or services sold to a buyer that promotes
 
11 or advertises the buyer's business or a product or service of
 
12 that business and the promotional good or service is not
 
13 purchased for resale."
 
14      SECTION 2.  New statutory material is underscored.
 
15      SECTION 3.  This Act shall take effect upon its approval.
 
16 
 
17                           INTRODUCED BY:  _______________________