Hawaii SB1468 amends the general excise tax exemptions to exclude certain amounts from taxation.

Hawaii SB1468 modifies the general excise tax exemptions by excluding specific amounts from taxation. These include amounts received under life insurance policies, certain federal taxes, and amounts received by cooperative housing corporations. The bill also repeals certain statutory material and sets an effective date of January 1, 2026.

Hawaii SB1468 amends the general excise tax exemptions to exclude certain amounts from taxation.

Hawaii SB1468 modifies the general excise tax exemptions by excluding specific amounts from taxation. These include amounts received under life insurance policies, certain federal taxes, and amounts received by cooperative housing corporations. The bill also repeals certain statutory material and sets an effective date of January 1, 2026.