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Bill > HB375


HI HB375

Relating To General Excise Tax.


summary

Introduced
01/17/2025
In Committee
01/21/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

Authorizes each county that has established a surcharge on state tax before 7/1/2015 to extend the surcharge until 12/31/2045, at the same rates, if the county does so before 1/1/2028; Provides that no county surcharge on state tax authorized for a county that has not established a surcharge on state tax before 7/1/2015, shall be levied before 1/1/2019, or after 12/31/2045; and Repeals certain conditions on the use of surcharges received from the State for counties having a population equal to or less than 500,000 that adopt a county surcharge on state tax.

AI Summary

This bill updates Hawaii's laws regarding county surcharges on state general excise taxes, primarily extending the timeframe for these surcharges. Specifically, counties that established a surcharge on state tax before July 1, 2015, can now extend their surcharge until December 31, 2045, at the same rates, provided they adopt an ordinance before January 1, 2028. For counties that had not established a surcharge before July 1, 2015, the bill allows them to establish a surcharge, but with restrictions: the ordinance must be adopted before December 31, 2023, the surcharge cannot be levied before January 1, 2019, and must end by December 31, 2045. The bill also modifies provisions for smaller counties (with populations of 500,000 or less) regarding how they can use these surcharge revenues, expanding their options to include housing infrastructure costs. Additionally, the bill adjusts various dates in existing laws to align with these new extensions, ensuring continuity and clarity in the implementation of county surcharges on state general excise taxes.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to FIN, referral sheet 1 (on 01/21/2025)

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