Hawaii HB522 exempts small businesses from general excise tax on the first Saturday of each month.

Hawaii HB522 amends the general excise tax law to exempt small businesses from paying tax on sales made 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 purchases made via the internet, telephone, or mail-order. Businesses must maintain clear records of sales during the exemption period.

Hawaii HB522 exempts small businesses from general excise tax on the first Saturday of each month.

Hawaii HB522 amends the general excise tax law to exempt small businesses from paying tax on sales made 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 purchases made via the internet, telephone, or mail-order. Businesses must maintain clear records of sales during the exemption period.