List of Major Tax Measures
Twenty First Legislature - Regular Session of 2001
Major Tax Measures Passed by the Legislature as of July 9, 2001
Click on the bill number to view an on-line copy of the act on the Legislature's website.
Administrative Tax Measures
| Bill Number | Act Number | Bill Title / Description / Effective Date |
|---|---|---|
| HB 0407, HD1, SD1, CD1 | ACT 206 | RELATING TO THE GENERAL EXCISE TAX. Requires DOTAX to continue working with the U.S. government, local businesses, and the labor community to develop a system to enforce the collection of GET from U.S. mainland contractors working in Hawaii on federal projects. Requests federal assistance. Gives DOTAX authority to contract with entities for the collection of GET. Requires report to the legislature on any proposed legislation. Effective: 06.02.2001. |
| HB 0715 | ACT 113 | RELATING TO THE INTEGRATED TAX INFORMATION MANAGEMENT SYSTEMS ACQUISITION BY THE DEPARTMENT OF TAXATION. Ensures that needed resources are available to assist DOTAX in its efforts to meet the obligations of the ITIMS performance-based contract. Effective: 07.01.2001. |
| *SB 0992, SD2, HD2, CD1 | ACT 270 | RELATING TO TOBACCO. Establishes the Cigarette Tax Stamp Enforcement Special Fund, Tobacco Enforcement Special Fund, and Cigarette Tax Stamp Administrative Special Fund. Prohibits the resale of cigarettes purchased at sales outlets operated under the regulations of the U.S. Armed Services. Creates a presumption that all cigarettes are subject to the cigarette tax. Allows licensees to purchase cigarette tax stamps at a reduction of .4% of the denominated value of each stamp purchased (Effective: 09.01.2001). Authorizes DOTAX to increase or decrease the .4% reduction by rule under chapter 91, HRS. Appropriates general funds to pay for monitoring, administration, and enforcement of the cigarette tax stamp law. Effective: upon approval; with provisos. |
| *SB 1192 | ACT 044 | RELATING TO PAYMENT OF TAXES BY ELECTRONIC FUNDS TRANSFER. Repeals the 2% penalty provision for taxpayers who elect to participate in the EFT program and fail to remit their taxes by an approved EFT method on or before the date the taxes are due. Effective: 04.26.2001. |
| SB 1195, SD1 | ACT 045 | RELATING TO TAXPAYER COMMUNICATION CONFIDENTIALITY PRIVILEGES. Extends confidentiality privileges for certain taxpayer communications to all taxes administered under Title 14, HRS. Effective: 04.26.2001; applies to taxable years beginning after 12.31.2000. |
General Excise / Use Tax Measures
| Bill Number | Act Number | Bill Title / Description / Effective Date |
|---|---|---|
| *HB 0175, HD2, SD2, CD1 | ACT 221 | RELATING TO TAXATION. Adds new tax benefits and amends current benefits for high tech industries. Effective: 07.01.2001; with provisos. |
| *HB 1685, HD1, SD1, CD1 | ACT 210 | RELATING TO TAXATION. Provides GET and USE tax exemption for amounts received from the leasing of aircraft or aircraft engines used in interstate air transportation. Effective: 07.01.2001. |
| *SB 1193, SD1, HD1, CD1 | ACT 125 | RELATING TO GENERAL EXCISE TAX ON NONPROFIT ORGANIZATIONS. Simplifies the application process for certain nonprofit organizations seeking exemption from the payment of GET and reduces the filing burden for these organizations. Effective: 07.01.2001. |
| *SB 1264, SD2, HD2 | ACT 164 | RELATING TO AQUACULTURE. Adds aquaculture and seedstock to the definition of "wholesaler" in the GET law. Effective: 07.01.2001. |
Income Tax Measures
| Bill Number | Act Number | Bill Title / Description / Effective Date |
|---|---|---|
| *HB 0175, HD2, SD2, CD1 | ACT 221 | RELATING TO TAXATION. Adds new tax benefits and amends current benefits for high tech industries. Effective: 07.01.2001; with provisos. |
| *HB 1074, HD2, SD2, CD1 | ACT 293 | RELATING TO DROUGHT MITIGATING FACILITIES. Allows a refundable income tax credit equal to 4% of the qualifying costs incurred for the construction of a new drought mitigating water storage facility, or the repair or reconstruction of an existing water storage facility. The credit is available for tax years beginning after 12.31.2000, but not after 12.31.2005. Effective: upon approval. |
| *SB 0264, SD1 | ACT 036 | RELATING TO CERTIFICATION FOR TAX EXEMPTION. Allows licensed audiologists to certify impairment of deafness for income tax purposes. Effective: 04.26.2001; applies to taxable years beginning after 12.31.2001. |
| *SB 0493, SD2, HD2, CD1 | ACT 309 | RELATING TO PUBLIC SCHOOLS. Establishes the Hawaii School Repair and Maintenance Fund for coordination of private and federal efforts to repair and maintain public schools. Provides taxpayers licensed under chapter 444, 460J, or 464 a nonrefundable income tax credit equal to 10% of the value of in-kind services contributed to the Fund (capped at $40,000 per taxpayer). Effective: 07.01.2001; section 2 applies to taxable years beginning after 12.31.2000. |
| *SB 0699, HD1 | ACT 119 | RELATING TO TAXATION. Provides a refundable income tax credit of $1 (multiplied by the number of qualified exemptions the taxpayer is entitled to claim) to each resident individual taxpayer pursuant to Article VII, Section 6, of the Hawaii State Constitution. Effective: 05.18.2001. |
| *SB 0854, SD1, HD1 | ACT 199 | RELATING TO TAXATION. Conforms Hawaii income tax law to federal IRC provisions. Effective: 05.31.2001; applies to taxable years beginning after 12.31.2000. |
| *SB 1211, SD2, HD2, CD1 | ACT 311 | RELATING TO SCHOOL FACILITIES. Establishes the Hawaii School-Level Minor Repairs and Maintenance Special Fund to provide moneys for school-level minor repairs and maintenance. Allows an individual whose state income tax refund for any taxable year is $2 or more to designate $2 of the refund to be deposited into the Special Fund. Effective: 07.01.2001; section 3 applies to taxable years beginning after 12.31.2000. |
Miscellaneous Tax Measures
| Bill Number | Act Number | Bill Title / Description / Effective Date |
|---|---|---|
| HB 0173, HD2, SD2, CD1 | ACT 272 | RELATING TO RENEWABLE ENERGY RESOURCES. Establishes goals for the implementation of renewable portfolio standards by electric utilities. Requires electric utilities to develop and make available net energy metering contracts to eligible customer-generators. Effective: upon approval. |
| HB 0518, HD1 | ACT 032 | RELATING TO TOBACCO. Designates as illegal any package of cigarettes that bears a brand name that is a registered trademark of a Master Settlement Agreement participant and the package is imported by someone other than the participating manufacturer of that cigarette brand. Creates a Class B felony for any person to knowingly affix any cigarette stamp to the package of any cigarettes that are illegal or altered. Effective: 04.26.2001. |
| *HB 1345, HD1 | ACT 143 | RELATING TO ENERGY CONTENT OF FUELS. Adjusts the fuel tax to reflect the energy content of alternative fuels and reduces the fuel tax rate of alternative fuels. Effective: 05.24.2001; applies to taxable years beginning after 12.31.2001. |
| *SB 1198, SD1 | ACT 064 | RELATING TO PUBLIC SERVICE COMPANY TAX. Effectuates an agreement entered into by and among the State, the Counties, and certain public service companies that provides for a sharing of the PSC tax revenues with those counties that establish by ordinance an exemption from the real property tax for public service companies. Effective: 07.01.2001. |
*Will require modifications to our tax forms and instructions.
RELATED INFORMATION:
You may also view a listing of the acts that have been signed by the Governor (with links to the the text of the acts.) - provided by the Legislature, updated frequently.
