Hawaii HB1150 amends tax collection statutes to set three-year limitation periods for various taxes.
Hawaii HB1150 modifies the Hawaii Revised Statutes to establish a three-year limitation period for assessing, levying, and collecting certain taxes, including income, conveyance, license, excise, and surcharge taxes. The bill also specifies conditions under which the limitation period may be suspended, such as when a taxpayer's assets are in court custody, an offer in compromise is pending, or the taxpayer is outside the state for at least six months. Additionally, the bill sets a bar date of June 30, 2024, for taxes assessed before July 1, 2009.
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- Core Provisions
- Implementation
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- Critical Issues
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