HB 456

RELATING TO THE REPEAL OF THE CAPITAL GAINS TAX

By Representative(s) MEYER; Ito, Rath

Keywords: BUSINESS ENTERPRISES, CORPORATIONS, INCOME TAX, TAX ASSESSMENT AND COLLECTION, TAXATION

Report Title: Capital Gains Tax; Repeal

Description: Repeals the Capital Gains Tax on profits arising out of investments made or conducted in the State of Hawaii. Requires that the investment be held by the taxpayer for a minimum of 5 years.

 1-22-99        H Introduced and passed First Reading                      
 1-25-99        H Referred to the committees on 1. EDB 2. FIN ,
                  referral sheet 3
 1-19-00        H Carried over to 2000 Regular Session.