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<br /> HB185 Page 5 of7 <br /> Lc) Except as otherwise provided by subsection (d) the state <br /> director of finance, on behalf of the State. shall transmit to the <br /> relevant county the county's share of the general excise use and <br /> income taxes by the following deadlines: <br /> jll The transmittal of the county's share of the <br /> general excise taxes paid by a business on its <br /> enterprise zone activiy during a fiscal vear shall <br /> be made within thirty davs of the filing by the <br /> business of the annual general excise tax return <br /> for that fiscal vear; <br /> S~1 The transmittal of the county's share of the <br /> use taxes paid by a business on its enterprise zone <br /> activity shall be made within thirty davs of the <br /> filina by the business of any monthly, quarterly <br /> or semiannual use tax return; and <br /> The transmittal of the county's share of the <br /> income taxes paid by a business on its enterprise <br /> zone activity shall be made within thirty davs of <br /> the filing by the business of its annual net tax <br /> return for a taxable year. <br /> When a return by a business covers a fiscal period extending beyond <br /> the termination or expiration date of an enterprise zone, the <br /> county's share shall be calculated only on the taxes paid by the <br /> business on its enterprise zone activity before the termination or <br /> expiration date. <br /> (dl The transmittal deadline set under subsection (c)(1), (2), or <br /> (3) shall not apply when a county's share of taxes cannot be <br /> determined on the deadline because of an appeal or delinguenc~ by a <br /> business. When the county's share does become determinable because <br /> of resolution of the appeal or payment of the delinguency~ the <br /> state director of finance shall transmit to the relevant county the <br /> county's share of the applicable taxes within thirty davs of the <br /> date of resolution or payment. <br /> (e) The share of the general excise, use, and income taxes required <br /> to be transmitted to the relevant county by this section shall be <br /> deemed revenues of that county, not the State. No legislative <br /> aQpropriation shall be necessary for the transmittal of those <br /> revenues to the relevant county. <br /> (f) This section shall not require the transmittal to a counter of <br /> general excise, use, or income taxes paid by a business before the <br /> expiration of the business's incentive eeriod. This provision shall <br /> apply even if the business loses its "qualified" status for any <br /> fiscal year during the incentive period. <br /> http://www.capitol.hawaii.¢ov/sessioncwrent/bills/hbl 85 .htm n~imnnn, <br /> <br />