Posted at 3:23 a.m., Wednesday, April 18, 2007
$14.2 million in surcharges collected so far in 2007
Advertiser Staff
The state Department of Taxation announced Tuesday that first quarter 2007 receipts for the half-percent county surcharge totaled $14.2 million.The amount covers from Jan. 1 to March 31 of this year.
The amount is lower than expected, but the Department of Taxation in a news release, said that's because of a higher than normal error rate on the GET returns. Approximately 15 percent of the GET returns received through March left blank the section where taxpayers report county surcharges.
The news release stated that approximately $12 million of the quarterly surcharge was from January. The February Excise tax wasn't due until April 2, so the majority of February's county surcharge taxes were received or processed on or after April 2.
More information can be found at www.hawaii.gov/tax.
