HB1437

Hawaii HB1437 exempts gross proceeds from sales benefiting nonprofit schools from general excise tax.

Hawaii HB1437 amends the state's general excise tax law to exempt gross proceeds from sales benefiting nonprofit schools. This exemption applies to sales made by either a nonprofit school or a school-sponsored student activity group. The proceeds must be used exclusively for the nonprofit school's benefit. The bill defines "nonprofit school" and "school-sponsored student activity group" and specifies that the exemption takes effect on January 1, 2026.