Monday, February 22, 2010

GE tax exemption testimony

HB 2877 proposed HD1 - Relating to Taxation
This bill would temporarily suspend the GE tax exemptions for various non-profit organizations, including credit unions, for a five-year period. The tax would be levied at 1/2 of 1%.

This bill would temporarily suspend the GE tax exemptions for various business leagues and trade associations, including the Hawaii Credit Union League.

Both of these measures are up for decision-making today at 4:30p. in House Finance.