HB1339

Hawaii HB1339 proposes to exempt food and medical services from the general excise tax to reduce the cost of living for Hawaii residents.

Hawaii HB1339 seeks to amend the state's general excise tax by exempting food and medical services from taxation. This bill aims to alleviate the high cost of living in Hawaii, where grocery prices are significantly higher than the national average. The proposed changes would exempt food and groceries, as well as medical and dental services, from the general excise tax. This exemption is expected to provide substantial savings for Hawaii families and healthcare professionals, potentially reducing the overall tax burden by $222 million annually.