Hawaii is moving forward with HB 1405. The hearing on Hawaii’s version of the affiliate tax, HB1405, was held yesterday. After hearing the testimony the Committee recommended passage of the bill. The Senate Committee vote was 3 for passage, 1 against and 1 excused.
There is a time table for action on any bill; the process will probably take another couple of weeks. I believe that the next steps are the 2nd and 3rd reading followed by the House vote, then on to the Governor. I will continue to update you on the progress of this bill.
All affiliates should continue to prepare, no matter what state they live in. Do not count on the bills not passing. A false sense of security could destroy your income. Remember that the tax is due, all that changes with these bills is the method of collection.
Now I am off to get ready for SES NY.