Bill Text: HI HB484 | 2018 | Regular Session | Amended
Bill Title: Relating To Taxation.
Spectrum: Partisan Bill (Democrat 12-0)
Status: (Introduced - Dead) 2017-11-30 - Carried over to 2018 Regular Session. [HB484 Detail]
Download: Hawaii-2018-HB484-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
484 |
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TWENTY-NINTH LEGISLATURE, 2017 |
H.D. 1 |
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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. The legislature finds that according to the Hawaii tourism authority, visitors to the State spend in excess of $1,200,000,000 per month. The aviation industry is important for inter-island travel for tourism, medical needs, and inter-island commerce. The State's economy is highly dependent on tourism and the ability to travel between islands. There is a proliferation of helicopter use in the State for travel, recreational, and medical needs. However, only traditional aircrafts are afforded certain tax exemptions. Due to changes in the industry and travel options, taxes levied on aviation businesses need to be updated to promote inter-island travel options for visitors and residents, and the interests of the State.
The purpose of this Act is to create equity among the types of available aircrafts by exempting amounts received from the servicing and maintenance of helicopters and the construction of maintenance facilities at which helicopters are serviced from the general excise tax.
SECTION 2. Section 237-24.9, Hawaii Revised Statutes, is amended by amending the definition of "aircraft" in subsection (b) to read as follows:
""Aircraft" means any craft or
artificial contrivance of whatever description engaged in intrastate,
interstate, or international scheduled commercial use as defined in chapter
263, that operates with two or more jet engines[.], or a helicopter."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect on January 1, 2018.
Report Title:
Taxation; Aviation; General Excise Tax
Description:
Exempts amounts received from servicing and maintenance of helicopters and the construction of maintenance facilities at which helicopters are serviced from the general excise tax. (HB484 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
