[§237-30.5]  Collection of rental by thirdparty; filing with department; statement required.  (a)  Every personauthorized under an agreement by the owner of real property located within thisState to collect rent on behalf of such owner shall be subject to this section.

(b)  Every written rental collection agreementshall have on the first page of the agreement the name, address, socialsecurity number, and, if available, the general excise tax number of the ownerof the real property being rented, the address of the property being rented,and the following statement which shall be set forth in bold print and inten-point type size:

"HAWAII GENERAL EXCISE TAXES MUST BE PAID ONTHE GROSS RENTS COLLECTED BY ANY PERSON RENTING REAL PROPERTY IN THE STATE OF HAWAII. A COPY OF THE FIRST PAGE OF THIS AGREEMENT, OR OF FEDERAL INTERNAL REVENUE FORM1099 STATING THE AMOUNT OF RENTS COLLECTED, SHALL BE FILED WITH THE HAWAIIDEPARTMENT OF TAXATION."

Every person entering an oral rental collectionagreement shall furnish the department of taxation the information requiredunder this subsection and shall give the owner of the property a copy of thenotice required by this subsection.

(c)  Every person authorized to collect rentfor another person shall file a copy of the first page of the rental collectionagreement with the department of taxation within thirty days after enteringinto the agreement, or shall file a copy of federal Internal Revenue form 1099,the property owner's social security number, and, if available, the generalexcise tax license number of the owner of the property being rented with thedepartment of taxation at the same time as such forms must be filed with theInternal Revenue Service.

(d)  Every person authorized under an agreementby the owner of real property located within this State to collect rent onbehalf of such owner within ninety days after the effective date of thissection shall furnish the department of taxation with the information requiredin subsection (b) and in the case of federal form 1099 such form for thetaxable year 1983.  The person also shall notify the owner that suchinformation is being furnished and give the owner a copy of the notice requiredby subsection (b). [L 1983, c 234, §2]