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Senate Ways and Means panel approves GET exclusion for federal Restaurant Relief Fund, sets effective date
Summary
The Senate Committee on Ways and Means voted to pass SB1278 with amendments that set an effective date of March 11, 2021, adopting a Tax Foundation technical amendment. Restaurant industry representatives urged parity with earlier pandemic relief for tax treatment.
The Senate Committee on Ways and Means on Tuesday recommended passage of Senate Bill 1278, approving an amendment that sets the bill’s effective date to March 11, 2021 and clearing the measure for further legislative action.
The bill would exclude federally distributed Restaurant Relief Fund (RRF) grants from Hawaii’s general excise tax (GET). The committee adopted an amendment proposed during the hearing to adjust the effective date and instructions for the bill’s implementation.
The committee’s action follows public and industry testimony pressing for tax parity between the RRF and earlier pandemic-era federal relief programs such as PPP, EIDL and PUA. Russell Ryan…
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