§241-7 Disposition of funds.
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/hi/chapter-241/241-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§241-7 Disposition of funds. From the revenues collected under this chapter each fiscal year, the sum representing the first $2,000,000 of such revenues shall be deposited with the director of finance to the credit of the compliance resolution fund as established pursuant to section 26-9(o) before tax credits are realized. Any revenues collected under this chapter in excess of $2,000,000 at the close of any fiscal year shall be deposited into the general fund. [L Sp 1957, c 1, pt of §10(a); Supp, §127-7; HRS §241-7; am L 1999, c 182, §1; am L 2001, c 28, §1; am L 2022, c 72, §2]
Note
The 2022 amendment applies to taxable years beginning after December 31, 2021. L 2022, c 72, §4.