Quantcast
  

Friday, May 24, 2013         

 Print   Email   Comment | View Comments   Most Popular   Save   Post   Retweet

Senate committee kills increase in general excise tax

By Associated Press

POSTED:
LAST UPDATED: 03:23 p.m. HST, Apr 07, 2011



Hawaii senators are killing a proposal to raise the state's broadest tax, which is levied on most transactions.
 
A group of 10 senators in the 14-member Senate Ways and Means Committee outvoted committee Chairman David Ige and his allies today, removing the hike in the general excise tax from pending legislation.
 
The underlying bill, which removes tax exemptions enjoyed by businesses, passed 10-4.
 
The vote came a day after dozens of residents and business owners appeared before senators during a public hearing, most of them opposed to the increase.
 
The general excise tax is levied on most transactions at a rate of 4 percent on neighbor islands and 4.5 percent on Oahu, which pays the higher amount for its planned rail line.
___
 






 Print   Email   Comment | View Comments   Most Popular   Save   Post   Retweet

COMMENTS
999
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have read and agreed to the TERMS OF SERVICE. Any violations of these terms may result in account suspension or deactivation. Please keep your comments civil and in good taste. To report a comment, email commentfeedback@staradvertiser.com.
Leave a comment
Please login to leave a comment.
IN OTHER NEWS
Breaking News
Columns
Blogs