Hawaii SB1153 proposes to exclude tips from state income taxes, aligning with a federal trend.
Hawaii SB1153 seeks to amend state tax law by excluding tips from gross income, adjusted gross income, and taxable income. This bill responds to a growing federal movement to exclude tips from income taxation, aiming to support local small businesses by making them more competitive in attracting qualified employees. The Director of Taxation will prepare necessary forms and may require evidence from taxpayers.
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