Hawaii HB1149 amends the general excise tax exemptions to include specific amounts and transactions.
Hawaii HB1149 modifies the general excise tax exemptions by adding new categories of non-taxable amounts. These include life insurance proceeds, federal excise taxes on cigarettes and tobacco products, federal taxes on sugar, and payments made by the State or the Patient-Centered Community Care program. It also exempts certain amounts received by cooperative housing corporations and individuals with disabilities. The changes take effect on January 1, 2026.
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