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Reviewed and Approved by the Executive DirectoSeptember 9, 2021FOR ACTION
I.REQUEST
Approve Proposed Amendments to and Compilation of Chapter 15306 \”General Excise
Tax Exemptions, \” Hawaii Administrative
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What is chapter 15-306 general excise tax?
Chapter 15-306 general excise tax is a tax imposed on businesses for various types of gross income, including sales of goods and services in certain jurisdictions.
Who is required to file chapter 15-306 general excise tax?
Any business entity engaged in activities generating gross income in the relevant jurisdiction is required to file chapter 15-306 general excise tax.
How to fill out chapter 15-306 general excise tax?
To fill out chapter 15-306 general excise tax, businesses must report their total gross income, deductions, applicable tax rates, and calculate the tax owed using the prescribed forms.
What is the purpose of chapter 15-306 general excise tax?
The purpose of chapter 15-306 general excise tax is to generate revenue for the state or local government from businesses operating within its jurisdiction.
What information must be reported on chapter 15-306 general excise tax?
Businesses must report their total gross income, allowable deductions, applicable general excise tax rates, and the total tax liability on chapter 15-306 general excise tax.
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