Report Title:

General Excise Tax; Additional Tax Exemptions

Description:

Makes the general excise tax exemption amendments for timeshare operators and condominium submanagers permanent.  Effective July 1, 2020.  (HB1404 HD1)

HOUSE OF REPRESENTATIVES	H.B. NO.	1404
TWENTY-FIFTH LEGISLATURE, 2009		H.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO GENERAL EXCISE TAX.

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

     SECTION 1.  Act 239, Session Laws of Hawaii 2007, is amended by amending section 4 to read as follows:

     "SECTION 4.  This Act shall take effect on January 1, 2008[; provided that this Act shall be repealed on December 31, 2009, and section 237-24.3, Hawaii Revised Statutes, and section 237-24.7, Hawaii Revised Statutes, shall be reenacted in the form in which they read on December 31, 2007]."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.

     SECTION 3.  This Act shall take effect on July 1, 2020.