| Measure Title: |
RELATING TO THE GENERAL EXCISE TAX.
|
| Report Title: |
GET; Exemption; Construction Rebuilding Materials; Reconstruction; Disaster Recovery; Federally Declared Disaster Areas; Third Party Certification Issuance
|
| Description: |
Exempts from the state general excise tax the sales and gross proceeds from sales of construction rebuilding materials for residential and commercial properties in federally declared disaster areas. Applies only to rebuilding materials purchased between 7/1/2025 and 12/31/2028. Requires a third party to issue the certification for projects qualifying for the exemption for disaster construction rebuilding materials. Sunsets on 12/31/2028. Effective 1/1/2026. (SD1)
|
| Companion: |
|
| Package: |
None
|
| Current Referral: |
PSM, WAM
|
| Introducer(s): |
MCKELVEY
|
| Act: |
|
| Sort by Date | Chamber | Status Text |
| 2/7/2025 | S | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
| 2/7/2025 | S | Reported from PSM (Stand. Com. Rep. No. 79) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
| 1/29/2025 | S | The committee(s) on PSM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in PSM were as follows: 5 Aye(s): Senator(s) Elefante, Wakai, Fukunaga, Rhoads, DeCorte; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. |
| 1/24/2025 | S | The committee(s) on PSM has scheduled a public hearing on 01-29-25 3:00PM; Conference Room 225 & Videoconference. |
| 1/23/2025 | S | Referred to PSM, WAM. |
| 1/21/2025 | S | Passed First Reading. |
| 1/17/2025 | S | Introduced. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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SB1130 SD1