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Hawaii Revised Statutes — Title 14 (Taxation)

HRS § 241-7

Disposition of funds

Official textcapitol.hawaii.gov


§241-7 Disposition of funds. From the revenues collected under this chapter each fiscal year, the sum representing the first $2,000,000 of such revenues shall be deposited with the director of finance to the credit of the compliance resolution fund as established pursuant to section 26-9(o) before tax credits are realized. Any revenues collected under this chapter in excess of $2,000,000 at the close of any fiscal year shall be deposited into the general fund.

Last amended: [L Sp 1957, c 1, pt of §10(a); Supp, §127-7; HRS §241-7; am L 1999, c 182, §1; am L 2001, c 28, §1; am L 2022, c 72, §2] Note The 2022 amendment applies to taxable years beginning after December 31, 2021. L 2022, c 72, §4. Previous Vol04_Ch0201-0257 Next

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In this chapter (15 sections)
  1. 241-1 · Definitions
  2. 241-1.5 · Time of application of tax and other provisions
  3. 241-2 · Imposition of tax on national banking associations;…
  4. 241-3 · 241-3
  5. 241-3.5 · Deduction from entire net income
  6. 241-4 · Measure and rate of tax
  7. 241-4.3 · 241-4.3
  8. 241-4.4 · Capital infrastructure tax credit
  9. 241-4.5 · Capital goods excise tax credit
  10. 241-4.6 · Renewable energy technologies; income tax credit
  11. 241-4.7 · Low-income housing; income tax credit
  12. 241-4.8 · High technology business investment tax credit
  13. 241-5 · Returns; payment of tax
  14. 241-6 · Chapter 235 applicable
  15. 241-7 · Disposition of funds
Full table of contents →