HB522

Hawaii HB522 proposes a monthly tax holiday for small businesses on the first Saturday of each month.

Hawaii HB522 amends Chapter 237 of the Hawaii Revised Statutes to exempt small businesses from general excise tax on the first Saturday of each month. This exemption applies to businesses with fewer than fifty employees in Hawaii. The exemption does not cover sales of goods intended for resale, rebates, layaway sales, rain checks, exchanges, or items purchased via the internet, telephone, or mail-order. The bill defines "small business" as a for-profit entity domiciled and authorized to do business in Hawaii, independently owned, and employing fewer than fifty employees.