Hawaii HB2032 proposes tax changes including exempting groceries and nonprescription drugs from the general excise tax, removing state income tax on.

Hawaii HB2032 proposes several tax changes aimed at easing the tax burden on residents, particularly lower-income households. The bill seeks to exempt the sale of groceries and nonprescription drugs from the general excise tax. It also removes the state income tax on unemployment compensation benefits. Additionally, the bill doubles the standard deduction for taxpayers earning less than $100,000 and jointly filing taxpayers earning less than $200,000.

Hawaii HB2032 proposes tax changes including exempting groceries and nonprescription drugs from the general excise tax, removing state income tax on.

Hawaii HB2032 proposes several tax changes aimed at easing the tax burden on residents, particularly lower-income households. The bill seeks to exempt the sale of groceries and nonprescription drugs from the general excise tax. It also removes the state income tax on unemployment compensation benefits. Additionally, the bill doubles the standard deduction for taxpayers earning less than $100,000 and jointly filing taxpayers earning less than $200,000.