Bill Text: HI HB694 | 2013 | Regular Session | Introduced
Bill Title: Taxation; Income Tax Rates
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Enrolled - Dead) 2013-04-26 - Conference Committee Meeting will reconvene on Friday, 04-26-13 at 4:30PM in Conference Room 309. [HB694 Detail]
Download: Hawaii-2013-HB694-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
694 |
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TWENTY-SEVENTH LEGISLATURE, 2013 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to taxation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Act 60, Session Laws of Hawaii 2009, is amended by amending section 6 to read as follows:
"SECTION 6. This Act shall take effect upon approval, provided that:
(1) Section 2 shall apply to taxable years beginning
after December 31, 2008[;], and shall be repealed on December 31,
2014; provided that section 235-51(a), (b), and (c), Hawaii Revised Statutes,
shall be reenacted in the form in which it read on the day before the effective
date of this Act;
(2) Sections 1 and 3 shall apply to taxable years beginning after December 31, 2010; and
(3) On December 31, 2015, this Act shall be repealed
and sections 235-2.4(a)[, 235-51(a), (b), and (c),] and 235-54(a),
Hawaii Revised Statutes, shall be reenacted in the form in which they read on
the day before the effective date of this Act."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
Taxation; Income Tax Rates
Description:
Repeals the temporary increase in income tax rates established by Act 60, SLH 2009, one year ahead of schedule by changing the sunset date of the increased tax rates from 12/31/2015 to 12/31/2014.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
