Tax Exemptions

SB 2402 SD1 HD1 is being heard in Conference Committee today at 5:00 pm. This bill would remove the GE tax exemption on the sale of tangible goods and services to credit unions, setting the tax at 1%. This bill would also place a 1% tax on proceeds received by HCUL from conventions, trade shows, etc.

The conferees are:

Senate: Senators Donna Mercado Kim, Carol Fukunaga, Michelle Kidani, Russell Kokubun, Shan Tsutsui, and Fred Hemmings.

House: Representatives Marcus Oshiro, Marilyn Lee, Isaac Choy, Pono Chong, and Lynn Finnegan.

Read the letter sent to members of the conference committee.