The amendment of Chapter 18-231, HAR, which added new sections 18-231-9.9-01 through 18-231-9.9-11, HAR, implements Act 121, Session Laws of Hawaii (SLH) 1995, relating to the payment of taxes by electronic funds transfer (EFT). The Rules set forth taxpayers subject to the EFT program, acceptable EFT methods, due dates, procedures, and penalties. The new rules were adopted on November 27, 1995, and became effective on December 16, 1995.
RE: Adoption of Hawaii Administrative Rules (HAR) relating to the Administration of Taxes,
Chapter 231, Hawaii Revised Statutes (HRS), and to Taxation of
Banks and Other Financial Corporations, Chapter 241, HRS.
The amendment of Chapter 18-231, HAR, which added new sections 18-231-25.6-01 through 18-231-25.6-02, HAR, implements Act 14, SLH 1995, relating to cost recovery fees for collection actions. The Rules set forth the fee amounts, the collection actions for which they may be charged, and the procedures that the Department of Taxation will follow in imposing any cost or expense incurred by the Department for, or as a result of, certain collection actions. The new rules were adopted on November 27, 1995, and became effective on December 15, 1995.
New chapter 18-241, HAR, relates to the allocation and apportionment of income of banks and other financial institutions that are subject to the franchise tax under Chapter 241, HRS. The Rules set forth the computation of the receipts factor, property factor, and payroll factor, and coordination with the deduction for international banking facilities. The new rules were adopted on November 27, 1995, and became effective on December 15, 1995.
Copies of the Rules are available during normal business hours at the
Technical Review Office of the Department of Taxation, Room 220, Princess
Ruth Keelikolani Building, 830 Punchbowl Street, Honolulu, Hawaii. To request
a copy by telephone, call the Department of Taxation, Technical Review
Office at (808) 587-1577.
RAY K. KAMIKAWA
Director of Taxation