SB 60

RELATING TO GENERAL EXCISE TAX

By Senator(s) BUEN

Keywords: BUSINESS ENTERPRISES, GENERAL EXCISE TAX, TAX ASSESSMENT AND COLLECTION, TAXATION

Report Title: General Excise Tax Rates

Description: Establishes a 3% rate of general excise tax for amounts received by licensed taxpayers from other licensed taxpayers for sales of goods not for resale and are supplies and equipment used in the operation of the business.

 1-21-99        S Introduced and passed First Reading                      
 1-22-99        S Referred to WAM                                          
 1-29-99        S Bill scheduled to be heard by WAM on 02-04-99 at
                  9:00 a.m. in conference room 211
 2- 4-99        S The measure is deferred.                                 
 3- 2-99        S Notice of public decision making by WAM on 03-05-99         
                  at 9:00 a.m. in conference room 211.
 3- 5-99        S The committee on WAM recommends that the measure be         
                  HELD.
 3- 5-99        S The votes in WAM were as follows: 11 Ayes:
                  Senator(s) Fukunaga, Levin, Buen, Chun, Chun
                  Oakland, D. Ige, Iwase, Kawamoto, Nakata, Tam,
                  Anderson; Ayes with reservations: Senator(s) ; none         
                  Noes: Senator(s) ; and 2 Excused: Senator(s) M. Ige,        
                  Taniguchi