SB3056

Report Title:

Tax Credits; Kuhina Program

 

Description:

Establishes tax credit of unspecified amount for individuals who participate in the HVCB kuhina program to attract conventions and meetings to Hawaii.

THE SENATE	S.B. NO.	3056
TWENTY-FIRST LEGISLATURE, 2002
STATE OF HAWAII

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 the Hawaii Visitors and Convention Bureau has established a "kuhina" – ambassador – program for individuals to lobby their colleagues around the world to attract convention business to the islands. The program encourages local members of social and business associations to urge their organizations to hold meetings in Hawaii. The kuhina program has resulted in more than $300,000,000 in conventioneer spending in Hawaii.

The purpose of this Act is to provide further incentives to bring conventions and meetings to Hawaii by establishing a tax credit for individuals who participate successfully in the kuhina program.

SECTION 2. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§235-    Tax credit to attract conventions and meetings to Hawaii. (a) Any taxpayer who files an individual income tax return for a taxable year may claim an income tax credit under this section against the Hawaii state individual net income tax.

(b) The tax credit shall be $   ; provided that the taxpayer successfully participates in the Hawaii Visitors and Convention Bureau kuhina program in the taxable year for which the credit is properly claimed; and provided that the individual's participation can be shown to have resulted in attracting a convention or business meetings to Hawaii.

(c) If the tax credit claimed by the taxpayer under this section exceeds the amount of the income tax payments due from the taxpayer, the excess of credit over payments due shall be refunded to the taxpayer; provided that the tax credit properly claimed by a taxpayer who has no income tax liability shall be paid to the taxpayer; and provided that no refunds or payments on account of the tax credit allowed by this section shall be made for amounts less than $1.

(d) The director of taxation shall prepare such forms as may be necessary to claim a credit under this section, may require proof of the claim for the tax credit, and may adopt rules pursuant to chapter 91.

(e) All of the provisions relating to assessments and refunds under this chapter and under section 231-23(c)(1) shall apply to the tax credit under this section.

(f) Claims for the tax credit under this section, including any amended claims, shall be filed on or before the end of the twelfth month following the taxable year for which the credit may be claimed.

(g) For the purposes of this section "kuhina program" is a program of the Hawaii Visitors and Convention Bureau in which local members of social and business associations encourage their organizations to hold meetings in Hawaii."

SECTION 3. New statutory material is underscored.

SECTION 4. This Act, upon approval, shall apply to taxable years beginning after December 31, 2002.

INTRODUCED BY:	_____________________________