HRS § 237-31 — Remittances


§237-31 Remittances. All remittances of
taxes imposed by this chapter shall be made by money, bank draft, check, cashier's
check, money order, or certificate of deposit to the office of the department of
taxation to which the return was transmitted. The department shall issue its receipts
therefor to the taxpayer and shall pay the moneys into the state treasury as a state
realization, to be kept and accounted for as provided by law; provided that:
(1) A sum, not to exceed $5,000,000, from all general
excise tax revenues realized by the State shall be deposited in the state treasury
in each fiscal year to the credit of the compound interest bond reserve fund;
(2) A sum from all general excise tax revenues realized
by the State that is equal to one-half of the total amount of funds appropriated
or transferred out of the hurricane reserve trust fund under sections 4 and 5 of
Act 62, Session Laws of Hawaii 2011, shall be deposited into the hurricane reserve
trust fund in fiscal year 2013-2014 and in fiscal year 2014-2015; provided that
the deposit required in each fiscal year shall be made by October 1 of that
fiscal year; and
(3) Commencing with fiscal year 2018-2019, a sum from
all general excise tax revenues realized by the State that represents the
difference between the state public employer's annual required contribution for
the separate trust fund established under section 87A-42 and the amount of the
state public employer's contributions into that trust fund shall be deposited
to the credit of the State's annual required contribution into that trust fund
in each fiscal year, as provided in section 87A-42.