[§235-20]  Comfort letters; authority toassess fees; established.  The department may assess and collect a fee forthe issuance of any comfort letter of the department.  All fees collected underthis section shall be deposited into the tax administration special fundestablished under section 235-20.5. [L 2004, c 215, pt of §3]

 

Note

 

  L 2004, c 215, §13 provides:

  "SECTION 13.  Any comfort letter or other writtencommunication issued by the department of taxation prior to the effective dateof this Act [July 1, 2004] may continue to be relied upon by the taxpayer towhom such comfort letter or other written communication was issued (includingthe qualified high technology business and its investors) and shall berespected by the department of taxation, notwithstanding any of the amendmentscontained in this Act, provided that the assumptions and representationscontained in such comfort letter or other written communication remain true andaccurate in all material respects.  The high technology provisions of sections235-2.4, 235-2.45, 235-7.3, 235-9.5, 235-110.51, 235-110.9, 235-110.91,235-111.5, and 237-23.5, Hawaii Revised Statutes, in effect at the time of thecomfort letter or other written communication shall continue to apply withoutregard to any amendments to such provisions under this Act with respect to anytransactions or investments made or committed prior to the effective date ofthis Act [July 1, 2004]."