REPORT TITLE:
Value Added Tax Commission


DESCRIPTION:
Requires the Governor to establish a commission to assist the
Department of Taxation in reviewing, recommending, and drafting a
value added tax to be substituted for the general excise tax.
The recommendation shall be submitted to the Legislature prior to
the 2002 legislative session.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
THE SENATE                              S.B. NO.           502
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO TAXATION. 


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

 1      SECTION 1.  The governor shall appoint a commission to
 
 2 assist the department of taxation in reviewing, recommending, and
 
 3 submitting to the legislature prior to the legislative session of
 
 4 2002, a bill establishing a value added tax to be substituted for
 
 5 the State's general excise tax.  The commission shall consist of
 
 6 two persons with experience in financial matters, two attorneys
 
 7 who devote the majority of their practice to tax law, and two
 
 8 certified public accountants who devote the majority of their
 
 9 time to tax advice and preparation.
 
10      SECTION 2.  This Act shall take effect upon its approval.
 
11 
 
12                           INTRODUCED BY:  _______________________