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<br /> HB 185 Page 6 of 7 <br /> This section also shall not require the transmittal to a count ~ of <br /> general excise, use, and income taxes due and owing by a business <br /> because of activity conducted after the termination or expiration <br /> of an enterprise zone." <br /> SECTION 3. Section 235-119, Hawaii Revised Statutes, is amended to <br /> read as follows: <br /> "5235-119 Tara, stag r~alisationa[T], axo~tion. All income <br /> taxes, except the share required to be transmitted to a county <br /> pursuant to section 209E- shall be [€af]_ <br /> For the use of the Stated and [ ] <br /> u2 Paid into the state treasury at such times as <br /> the director of finance shall direct." <br /> SECTION 9. Section 237-31, Hawaii Revised Statutes, is amended to <br /> read as follows: <br /> "5237-31 A~mittanc~s. All remittances of taxes imposed by this <br /> chapter shall be made by money, bank draft, check, cashier's check, <br /> money order, or certificate of deposit to the office of the <br /> department of taxation to which the return was transmitted. The <br /> department shall issue its receipts therefor to the taxpayer and <br /> shall pay the moneys into the state treasury as a state <br /> realization, to be kept and accounted for as provided by law; <br /> provided that: <br /> (1) The sum from all general excise tax revenues <br /> realized by the State that represents the <br /> difference between 595,000,000 and the proceeds <br /> from the sale of any general obligation bonds <br /> authorized for that fiscal year for the purposes of <br /> the state educational facilities improvement <br /> special fund shall be deposited in the state <br /> treasury in each fiscal year to the credit of the <br /> state educational facilities improvement special <br /> fund; <br /> (2) A sum, not to exceed S5, 000, 000, from all <br /> general excise tax revenues realized by the State <br /> shall be deposited in the state treasury in each <br /> fiscal year to the credit of the compound interest <br /> bond reserve fund; [ate] <br /> (3) A sum, not to exceed the amount necessary to <br /> meet the obligations of the integrated tax <br /> information management systems performance-based <br /> contract may be retained and deposited in the state <br /> treasury to the credit of the integrated tax <br /> http:/(www.capitol.hawaii.Roy/sessioncutm?t/bills/hb185 .htm 02/02x2001 <br /> <br />