Exempts Restaurant Revitalization Fund grants from Hawaii's general excise tax for eligible businesses.
Hawaii SB1278 exempts grants from the federal Restaurant Revitalization Fund, provided under the American Rescue Plan Act of 2021, from the state's general excise tax. This bill also mandates refunds for any excise tax previously paid on these grants. The legislation applies retroactively to taxable years beginning after March 11, 2021.
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