Report Title:
General Excise Tax; County Exemption
Description:
Exempts all gross income and gross proceeds of sales to county governments from the general excise tax.
THE SENATE |
S.B. NO. |
35 |
TWENTY-FIRST LEGISLATURE, 2001 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to general excise 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 gross income and gross proceeds of sales to county government. All gross income and gross proceeds of sales to a county government shall be exempted from, and excluded from the measure of, the taxes imposed by this chapter."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2001.
INTRODUCED BY: |
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