Haw. Code R. § 13-234-33

Current through April, 2024
Section 13-234-33 - Business transfer fee
(a) Whenever a stockholder or owner of an interest in a corporation or other business which has been issued a commercial use permit sells or transfers ten per cent or more of the stock or interest in the firm, either as a single transaction or an aggregate of several transactions, to any person who is not a stockholder or owner of record, except for transfers between spouses or first generation lineal descendants, on the effective date of these rules, the seller or person transferring such stock or interest shall pay to the department a business transfer fee based on the passenger-carrying capacity of the vessel, and shall be as follows:
(1) Vessels used for bare boat (demise) and sailing charters carrying six or less passengers ............................ $2,500
(2) Vessels registered by the State or documented by the U.S. Coast Guard to carry six passengers or less, used for charter fishing or other commercial purpose ............................... $5,000
(3) Vessels certified by the U.S. Coast Guard to carry seven to twenty-four passengers ........................... $10,000
(4) Vessels certified by the U.S. Coast Guard to carry twenty-five to forty-nine passengers ........................... $15,000
(5) Vessels certified by the U.S. Coast Guard to carry fifty to seventy-four passengers ........................... $25,000
(6) Vessels certified by the U.S. Coast Guard to carry seventy-five to ninety-nine passengers ........................... $40,000
(7) Vessels certified by the U.S. Coast Guard to carry one hundred to one hundred forty nine passengers ........................... $75,000
(b) When less than one hundred per cent of the interest in the corporation is transferred, the business transfer fee shall be based upon a like percentage of the business transfer fee provided in subsection (a).

Haw. Code R. § 13-234-33

[Eff 2/24/94; comp] (Auth: HRS §§ 200-2, 200-3, 200-4) (Imp: HRS §§ 200-2, 200-3, 200-4)
Am and comp 8/23/2019