Hawaii HB1996 exempts certain amounts from state taxes, including those for selling prescription drugs, hearing aids, and prosthetic devices.

Hawaii HB1996 amends state tax law to exempt certain amounts from taxation, including those received for selling prescription drugs, hearing aids, and prosthetic devices. This exemption applies to amounts received by hospitals, medical clinics, pharmacies, and practitioners licensed to administer drugs. The bill also exempts amounts received for healthcare-related goods or services purchased under Medicare, Medicaid, or TRICARE programs. The changes will take effect on July 1, 2026, and will be repealed on January 1, 2028.

Hawaii HB1996 exempts certain amounts from state taxes, including those for selling prescription drugs, hearing aids, and prosthetic devices.

Hawaii HB1996 amends state tax law to exempt certain amounts from taxation, including those received for selling prescription drugs, hearing aids, and prosthetic devices. This exemption applies to amounts received by hospitals, medical clinics, pharmacies, and practitioners licensed to administer drugs. The bill also exempts amounts received for healthcare-related goods or services purchased under Medicare, Medicaid, or TRICARE programs. The changes will take effect on July 1, 2026, and will be repealed on January 1, 2028.