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THE SENATE |
S.B. NO. |
571 |
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TWENTY-SEVENTH LEGISLATURE, 2013 |
S.D. 2 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO COUNTY SURCHARGE ON STATE TAX.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 248-2.6, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) If adopted by county ordinance, all
county surcharges on state tax collected by the director of taxation shall be
paid into the state treasury quarterly, within ten working days after
collection, and shall be placed by the director of finance in special
accounts. Out of the revenues generated by county surcharges on state tax paid
into each respective state treasury special account, the director of finance
shall deduct [ten] per cent of the gross proceeds of a
respective county's surcharge on state tax to reimburse the State for the costs
of assessment, collection, and disposition of the county surcharge on state tax
incurred by the State. Upon any increase in the costs of assessment,
collection, and disposition of the county surcharge on state tax, the State may
amend its deduction, by adoption of rules pursuant to chapter 91, to a
percentage no greater than ten per cent. Amounts retained shall be general
fund realizations of the State."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2050.
Report Title:
County Surcharge on State Tax
Description:
Changes the State's automatic deduction of 10% of the gross proceeds of a county's surcharge on state tax to a deduction of an unspecified percentage to reimburse the State for costs associated with handling the assessments, collection, and disposition of the county surcharge on state tax. Allows the State, by rule, to change the unspecified percentage to an amount not exceeding 10% if the costs of assessment, collection, and disposition increase. Effective 7/1/2050. (SD2)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.