Hawaii HB2590 amends tax laws to adjust rates and definitions for various business activities, including manufacturing, sales, and services.
Hawaii HB2590 revises the state's tax laws to modify the rates and definitions for various business activities. It introduces a tax on manufacturers at a rate of 0.15% of commissions and other compensation for services rendered. The bill also imposes a tax on sales representatives and purchasing agents at a rate of 4% of their gross income. Additionally, it sets a tax rate of 4% for businesses engaged in selling tangible personal property, with a reduced rate of 0.5% for wholesalers.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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