Hawaii HB1335 amends tax laws to include a surcharge on luxury motor vehicles and exempts diapers from gross proceeds tax.

Hawaii HB1335 introduces a surcharge on luxury motor vehicles, defined as those with a manufacturer's suggested retail price of $100,000 or more, excluding trucks, vans, motorhomes, campervans, and authorized emergency vehicles. The surcharge applies to both new and used vehicles and is equal to fifty percent of all applicable taxes. The bill also mandates that owners of out-of-state vehicles provide proof of use tax payment when registering. Additionally, it exempts diapers from the gross proceeds tax, provided they meet certain quality standards.

Hawaii HB1335 amends tax laws to include a surcharge on luxury motor vehicles and exempts diapers from gross proceeds tax.

Hawaii HB1335 introduces a surcharge on luxury motor vehicles, defined as those with a manufacturer's suggested retail price of $100,000 or more, excluding trucks, vans, motorhomes, campervans, and authorized emergency vehicles. The surcharge applies to both new and used vehicles and is equal to fifty percent of all applicable taxes. The bill also mandates that owners of out-of-state vehicles provide proof of use tax payment when registering. Additionally, it exempts diapers from the gross proceeds tax, provided they meet certain quality standards.