Hawaii SB2562 modifies the rental motor vehicle surcharge tax, setting it at 25 cents per half-hour and increasing it by 50 cents annually until 2027.

Hawaii SB2562 amends the rental motor vehicle surcharge tax, setting it at 25 cents per half-hour for rentals or leases. This tax will increase by 50 cents annually from January 1, 2022, until December 31, 2027. The tax is levied on the lessor, but exemptions apply if the vehicle is being repaired or has been stolen and is unrecovered or a total loss. Lessors must disclose to the department the portion of the remittance attributed to the county where the vehicle was operated. The bill also subjects peer-to-peer car-sharing programs to the tax.

Hawaii SB2562 modifies the rental motor vehicle surcharge tax, setting it at 25 cents per half-hour and increasing it by 50 cents annually until 2027.

Hawaii SB2562 amends the rental motor vehicle surcharge tax, setting it at 25 cents per half-hour for rentals or leases. This tax will increase by 50 cents annually from January 1, 2022, until December 31, 2027. The tax is levied on the lessor, but exemptions apply if the vehicle is being repaired or has been stolen and is unrecovered or a total loss. Lessors must disclose to the department the portion of the remittance attributed to the county where the vehicle was operated. The bill also subjects peer-to-peer car-sharing programs to the tax.