HAR §15-306-1. Purpose

This chapter implements sections 201H-36 and 237-29, HRS, regarding general excise tax exemptions for qualified persons and firms involved in providing low and moderate income housing. The legislative intent of the general excise tax exemption is to achieve cost savings to assure economic feasibility which will encourage and enable the production of as many lower cost housing units as possible. [Eff 10/08/07; am 09/05/08; comp 12/11/10; comp 12L11/15; comp 10/27/18; comp F[R 1 8 2022 ] (Auth: HRS §237-29) (Imp: HRS §§237-29, 201H-36) 306-2 $15-306-1 Subchapter 4 Approval of Affordable Rental Housing Projects Under Act 54, Session Laws of Hawaii 2017, as Amended §$15-306-31 §15-306-32 §15-306-33 §15-306-34 §15-306-35 §15-306-36 Purpose Definitions Types of income eligible for exemption Exemptions for projects developed under a contract compliant with section 104-2 ( i) ( 2), HRS Corporation review of claims for exemption Corporation approval and certification of claims for exemption Historical Note: Chapter 15-306, Hawaii Administrative Rules, is substantially based upon Chapter 377 of Title 6, Hawaii Administrative Rules, [Eff 2/8/93; am 6/8/98; R 10/25/99], and Chapter 175 of Title 15, Hawaii Administrative Rules. [Eff 10/25/99; R 10/08/07] SUBCHAPTER 1 GENERAL PROVISIONS