The Keiki Caucus along with local retailers, employers and union members gathered at the State Capitol to discuss Hawaii’s Use Tax Law and SB 2405, SD1/HB 2352. This legislation adopts amendments to Hawaii tax laws to implement the streamlined sales and use tax agreement.
The Streamlined Sales and Use Tax Recovery project is a national initiative that enables out-of-state retailers to electronically collect/remit uncollected taxes at the point of sale. It levels the playing field for local retailers, since the out-of-state retailer collects a 4% use tax comparable to the general excise tax (GET) paid on local purchases.
