Hawaii SB1468 amends the general excise tax exemptions to include certain life insurance payments, Patient-Centered Community Care program payments.
Hawaii SB1468 amends the state's general excise tax exemptions to include certain life insurance payments, specifically those paid due to the death of the insured, and those paid under life insurance, endowment, or annuity contracts. It also includes payments made by the Patient-Centered Community Care program, established by the United States Department of Veterans Affairs, for actual costs or advancements to third-party health care providers.
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