Report Title:
Taxation
Description:
Amend disposition of proceeds on county surcharge on state tax by reducing state reimbursement amount from ten per cent to four per cent to reflect payment for current costs to collect and administer county surcharge.
HOUSE OF REPRESENTATIVES |
H.B. NO. |
1122 |
TWENTY-FOURTH LEGISLATURE, 2007 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to taxation.
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:
"§248-2.6 County surcharge on
state tax; disposition of proceeds. (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]four 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. 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 Statutory material to be repealed is bracketed and stricken.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 upon its approval.
INTRODUCED BY: |
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