§235-20.5  Tax administration special fund;established.  [Repeal and reenactment on January 1, 2011 by L 2007, c206, §8 and on June 30, 2014 by L 2009, c 134, §13(3).]  (a)  Thereis 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 enforcementsection pursuant to section 231-85; provided that in each fiscal year, of thetotal revenues collected by the special enforcement section, all revenues inexcess of $500,000 shall be deposited into the general fund.

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

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

(2)  Administering the tax credits under sections235-110.9 and 235-110.91; and

(3)  Administering the operations of the specialenforcement 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 aqualified high technology business after June 30, 2007.  L 2007, c 206, §8.

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