| Measure Title: | RELATING TO TAXATION. |
| Report Title: | Tax Restructuring |
| Description: | Restructures the tax system over a four-year period. Establishes a retail sales tax on tangible personal property of an undecided rate to take effect over four years. Exempts food for home consumption, medicine, and medical health items from the retail sales tax. Repeals the income and general excise taxes over four years. Requires the department of taxation with the cooperation of the department of business, economic development, and tourism to analyze the state revenues received from the income and general excise taxes and estimate the amount of sales tax necessary to ensure the same amount of revenue for the State. |
| Package: | None |
| Companion: | |
| Introducer(s): | SONSON, Abinsay, Arakaki, Finnegan |
| Current Referral: | EDB, JUD, FIN |
| Date | Status Text | |
|---|---|---|
| 1/20/2005 | H | Pending introduction. |
| 1/21/2005 | H | Introduced and Pass First Reading |
| 1/21/2005 | H | Referred to EDB, JUD, FIN, referral sheet 2 |
| 12/2/2005 10:31:35 AM | D | Carried over to 2006 Regular Session |
$ = Appropriation measure
ConAm = Constitutional Amendment