Bill > HB1369

This bill proposes several amendments to Hawaii's tax laws, primarily focusing on modifying existing tax exemptions and references in various sections of the state's tax code. The bill makes technical changes to sections related to general excise tax and use tax, including removing certain exemptions and updating cross-references. Key modifications include repealing the entire section on exchange-related tax exemptions (Section 237-24.5), which previously provided tax breaks for various exchange-related transactions and fees. The bill also adjusts exemptions related to maritime services, cargo transportation, scientific contracts, and other specific business activities. Additionally, the bill makes numerous technical corrections to section numbering and references across different tax-related statutes. Notably, the bill introduces a sunset provision for certain exemptions, such as limiting the exemption for sugarcane producers to January 1, 2031. The changes appear to be primarily administrative in nature, aimed at streamlining and clarifying tax code language while potentially removing or consolidating some existing tax exemptions. The bill is scheduled to take effect on July 1, 2025, giving businesses and tax authorities time to prepare for these modifications.

Budget and Finance

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1369&year=2025