Bill > HB1813

This bill, effective July 1, 3000, amends and repeals certain exemptions from Hawaii's general excise tax (GET) and use tax laws, which are taxes on business transactions and the use of goods or services respectively. Specifically, it adjusts which activities and items are exempt from these taxes by modifying existing sections of Hawaii Revised Statutes (HRS) that list these exemptions. For instance, it clarifies exemptions related to agricultural commodities, cargo loading/unloading, maritime services, oceangoing vehicles, imported liquor and cigarettes, shipbuilding and repair, condominium association reimbursements, credit union sales, financial institution interbank brokerage, scientific contracts, petroleum refiners, air pollution control facilities, low-income housing projects, and homeless services. The bill also makes technical changes to how credits for taxes paid to other states are applied and repeals an exemption for amounts received by exchanges and exchange members.