SB1130

Exempts purchases of construction rebuilding materials from the general excise tax in federally declared disaster areas in Hawaii.

The bill exempts purchases of construction rebuilding materials from the general excise tax in federally declared disaster areas in Hawaii. This exemption aims to alleviate financial hardships, ensure community resilience, and support the timely reconstruction of affected properties. The tax exemption applies to materials purchased between July 1, 2025, and December 31, 2028, and includes lumber, steel, concrete, roofing materials, plumbing fixtures, electrical systems, and other materials commonly used in residential or commercial construction.