HB959

Hawaii HB959 proposes tax reforms including exempting groceries and nonprescription drugs from the general excise tax, incrementally increasing the.

Hawaii HB959 aims to reform the state's tax system by exempting the sale of groceries and nonprescription drugs from the general excise tax. It also incrementally increases the general excise tax over four years to six percent, with certain increased proceeds to be deposited into the general fund. The bill removes the state income tax on unemployment compensation benefits and doubles the standard deduction. Additionally, it establishes a Maui recovery special fund for recovery programs, capital improvement projects, and assistance to those impacted by the 2023 Maui wildfires.