Bill > SB259

This bill establishes standardized recordkeeping requirements for secondhand dealers and pawnbrokers in Hawaii, mandating that both types of businesses must retain transaction records for two years after the date of sale or maturity. Specifically, the bill requires these records to be kept on-site and made available for inspection at any time by the treasurer, chief of police, or their authorized representatives. The legislation aims to support local businesses that reuse or recycle valuable items while providing a clear, consistent framework for record retention that balances the needs of law enforcement with the practical concerns of secondhand businesses. The bill updates existing statutory language in Hawaii Revised Statutes Chapter 445, extending the record retention period from one to two years for pawnbrokers and introducing a new explicit recordkeeping requirement for secondhand dealers. The legislature's motivation includes streamlining business management, reducing unnecessary paper and electronic waste, and creating a more effective system for tracking transactions. The bill is set to take effect on July 1, 2077, and does not impact rights, duties, penalties, or proceedings that existed before its effective date.

Business and Industry, Government Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=259&year=2025