Bill Text: HI SB1004 | 2018 | Regular Session | Introduced

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Bill Title: Relating To Electronic Payment Of Taxes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2017-11-30 - Carried over to 2018 Regular Session. [SB1004 Detail]

Download: Hawaii-2018-SB1004-Introduced.html

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THE SENATE	S.B. NO.	1004
TWENTY-NINTH LEGISLATURE, 2017
STATE OF HAWAII

A BILL FOR AN ACT

 

 

RELATING TO ELECTRONIC PAYMENT OF TAXES.

 

 

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

 

     SECTION 1.  Section 231-9.9, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:

     "(a)  The director of taxation is authorized to require every person whose tax liability for any tax type for any one taxable year exceeds [$100,000] $40,000 and who files a tax return for any tax, including consolidated filers, to remit taxes by one of the means of electronic funds transfer approved by the department[; provided that for withholding taxes under section 235-62, electronic funds transfers shall apply to annual tax liabilities that exceed $40,000].  Notwithstanding the tax liability thresholds in this subsection, the director of taxation is authorized to require any person who is required to electronically file a federal return or electronically remit any federal taxes to the federal government, to electronically file a state return and electronically remit any state taxes under title 14 to the department.  The director is authorized to grant an exemption to the electronic filing and payment requirements for good cause."

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  Statutory material to be repealed is bracketed and stricken.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

     SECTION 3.  This Act, upon its approval, shall apply to taxable years beginning after December 31, 2017.

 

INTRODUCED BY:	_____________________________
	BY REQUEST

 

 

Report Title:

Taxation; Electronic Filing and Payment of Taxes

 

Description:

Reduces the threshold amount for electronic funds transfers of taxes.  Clarifies the thresholds are per tax type.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.