Report Title:

Taxation; Distribution of Partial Payment

 

Description:

Changes the allocation of an amount received in partial payment of an assessment of taxes to interest, penalties, and principal in equal amounts, rather than to the three categories by priority. (SD1)

 

THE SENATE	S.B. NO.	76
TWENTY-FIFTH LEGISLATURE, 2009		S.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

 

 

RELATING TO TAXATION.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  Section 231-27, Hawaii Revised Statutes, is amended to read as follows:

     "§231-27  Partial payment of taxes.  Whenever a taxpayer makes a partial payment of a particular assessment of taxes, the amount received by the department of taxation shall [first] be credited to interest, [then to] penalties, and [then to] principal [.] in equal amounts."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect on July 1, 2070.