Hawaii HB1149 amends the general excise tax exemptions to include certain income and property.

Hawaii HB1149 modifies the state's general excise tax exemptions to include income from life insurance policies, cooperative housing corporations, and certain amounts received by blind, deaf, or totally disabled individuals. It also exempts specific amounts received by sugarcane producers and cooperative housing corporations from the tax. The changes will take effect on January 1, 2026.

Hawaii HB1149 amends the general excise tax exemptions to include certain income and property.

Hawaii HB1149 modifies the state's general excise tax exemptions to include income from life insurance policies, cooperative housing corporations, and certain amounts received by blind, deaf, or totally disabled individuals. It also exempts specific amounts received by sugarcane producers and cooperative housing corporations from the tax. The changes will take effect on January 1, 2026.