THE SENATE	S.B. NO.	2533
TWENTY-NINTH LEGISLATURE, 2018		S.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO TAXATION.

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

SECTION 1. Chapter 237, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§237-   Exemption of agricultural products. In addition to any other applicable exemption provided under this chapter, there shall be exempted from the measure of taxes imposed by this chapter all of the value or gross income derived from the sale of agricultural products, including but not limited to produce, dairy products, eggs, fish, and meat."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2018.

Report Title:

General Excise Tax; Agricultural Products; Exemption

Description:

Exempts from the general excise tax the value or gross income derived from the sale of agricultural products. (SD1)

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