(a) The exemptions and exclusions under the general excise and use taxes listed in subsection (c) shall be reviewed in 2019 and every tenth year thereafter.
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Terms Used In Hawaii Revised Statutes 23-72

  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
(b) The auditor shall submit the findings and recommendations of the reviews to the legislature and governor no later than twenty days prior to the convening of the immediately following regular session.
(c) This section shall apply to the following:

(1) Section 237-3(b)–Gross receipts from the following:

(A) Sales of securities;
(B) Sales of commodity futures;
(C) Sales of evidences of indebtedness;
(D) Fee simple sales of improved or unimproved land;
(E) Dividends; and
(F) Sales or transfers of materials and supplies, interest on loans, and provision of services among members of an affiliated public service company group;
(2) Section 237-13(3)(B)–Gross income of contractors from subcontractors;
(3) Section 237-13(3)(C)–Reimbursements to federal cost-plus contractors;
(4) Section 237-13(6)(D)(i), (ii), (iii), and (iv)–Gross receipts of home service providers acting as service carriers;
(5) Section 237-24.3(11)–Amounts received from aircraft and aircraft engine rental or leasing;
(6) Section 237-24.9–Amounts received from aircraft servicing and maintenance and aircraft service and maintenance facility construction;
(7) Section 238-1, paragraph (6) of the definition of “use”–The value of aircraft leases or rental and acquired or imported aircrafts and aircraft engines; and
(8) Section 238-1, paragraph (8) of the definition of “use”–The value of material, parts, or tools for aircraft service and maintenance and aircraft service and maintenance facility construction.
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