§235-20.5  Tax administration special fund;
established.  [Repeal and reenactment on January 1, 2011 by L 2007, c
206, §8 and on June 30, 2014 by L 2009, c 134, §13(3).]  (a)  There
is established a tax administration special fund, into which shall be deposited:



(1)  Fees collected under sections 235-20, 235-110.9,
and 235-110.91;



(2)  Penalties collected under section 2 of Act 206,
Session Laws of Hawaii 2007; and



(3)  Revenues collected by the special enforcement
section pursuant to section 231-85; provided that in each fiscal year, of the
total revenues collected by the special enforcement section, all revenues in
excess of $500,000 shall be deposited into the general fund.



(b)  The moneys in the fund shall be used for
the following purposes:



(1)  Issuing comfort letters, letter rulings, written
opinions, and other guidance to taxpayers;



(2)  Administering the tax credits under sections
235-110.9 and 235-110.91; and



(3)  Administering the operations of the special
enforcement section. [L 2004, c 215, pt of §3; am L 2007, c 206, §3; am L 2009,
c 134, §5]



 



Note



 



  The 2007 amendment applies to investments received by a
qualified high technology business after June 30, 2007.  L 2007, c 206, §8.



  The 2009 amendment is exempt from the January 1, 2011 repeal
and reenactment condition of L 2007, c 206, §8.  L 2009, c 134, 13(1).