CCH (cch.taxgroup.com) reports:
Hawaii Gov. Linda Lingle has vetoed a bill that would have conformed Hawaii general excise tax laws with the Streamlined Sales and Use Tax (SST) Agreement. The Senate voted 23-2 to override the veto, but the House of Representatives declined to override the veto. Therefore, the veto stands.
If enacted, the legislation would have moved the 0.5% tax on wholesale transactions to a new chapter; added a new chapter on the taxation of imports of property, services, and contracting; moved the 0.15% tax on insurance producers to a new chapter; and eliminated the tax on businesses owned by disabled persons. The legislation also would have provided for destination-based sourcing and amnesty.
Subscribers can view the bill
S.B. 1678, vetoed by Hawaii Gov. Linda Lingle on July 15, 2009; Telephone Conversation, Hawaii Legislative Reference Bureau, July 16, 2009
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