SB1043

Hawaii SB1043 proposes tax reforms including exempting groceries and nonprescription drugs from the general excise tax, incrementally increasing the.

Hawaii SB1043 amends the state's tax code to exempt 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 increased proceeds deposited into the general fund during certain fiscal years. The bill removes the state income tax on unemployment compensation benefits and doubles the standard deduction for individual filers.