Tax Law Updates | New Proposed Legislation
June 29, 2009
Hawaii State Tax Bill on Internet-Based Merchants Passes Senate, Is Transmitted to the Governor for Approval
A Bill for An Act Relating to the General Excise Tax
H.B. 1405, H.D. 2, S.D. 1, 5/11/2009
Hawaii is the latest state to try securing tax revenues from online sales. The State Senate on May 7, 2009 approved H.B. 1405, H.D.2, S.D. 1, a nexus-based legislation that seeks to level the playing field for in-state businesses that must comply with Hawaii’s state and local tax regimes. The State Legislature transmitted the legislation on May 11, 2009 to the Governor for signing.
According to the State Department of Taxation (“Department”), one of the strongest proponents of the bill, without this legislation, it is possible for an out-of-state business to receive a favorable advantage over an in-state business selling the…
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View a PDF of the proposed legislation