§237-31  Remittances.  All remittances
of taxes imposed by this chapter shall be made by money, bank draft, check,
cashier's check, money order, or certificate of deposit to the office of the
department of taxation to which the return was transmitted.  The department
shall issue its receipts therefor to the taxpayer and shall pay the moneys into
the state treasury as a state realization, to be kept and accounted for as
provided by law; provided that:



(1)  The sum from all general excise tax revenues
realized by the State that represents the difference between $45,000,000 and
the proceeds from the sale of any general obligation bonds authorized for that
fiscal year for the purposes of the state educational facilities improvement
special fund shall be deposited in the state treasury in each fiscal year to
the credit of the state educational facilities improvement special fund; and



(2)  A sum, not to exceed $5,000,000, from all general
excise tax revenues realized by the State shall be deposited in the state treasury
in each fiscal year to the credit of the compound interest bond reserve fund.
[L 1935, c 141, §12; RL 1945, §5462; RL 1955, §117-26; am L Sp 1959 2d, c 1,
§16; HRS §237-31; am L 1981, c 159, §1; am L 1984, c 163, §1; am L 1985, c 239,
§1; am L 1989, c 368, §3; am L 1990, c 163, §3; am L 1992, c 209, §§1, 6 as
superseded by am L 1993, c 364, §25; am L 1999, c 110, §1 and c 155, §4; am L
2004, c 115, §2; am L 2006, c 304, §§2, 4; am L 2009, c 11, §3]



 



Cross References



 



  Deposits to highway fund, see §248-8.



  State educational facilities improvement special fund, see
§36-32.