Hawaii Senate Passes SST Conformity Legislation

Legislation has been passed by the Hawaii Senate that would conform Hawaii general excise tax laws with the Streamlined Sales and Use Tax (SST) Agreement, generally effective July 1, 2050. To achieve the required single state tax rate for the general excise tax, the legislation would move the 0.5% tax rate for wholesale transactions to a new chapter; add a new chapter on the taxation of imports of property, services, and contracting; move the 0.15% tax on insurance producers to a new chapter; and eliminate the tax on businesses owned by disabled persons. The legislation would also provide for destination based sourcing and amnesty.(S.B. 948, as passed by the Hawaii Senate on March 5, 2013)

Posted on June 12, 2013