Exempts certain amounts from taxation, including those related to hearing aids and prosthetic devices.

This bill amends Hawaii Revised Statutes to exempt certain amounts from taxation. Specifically, it excludes from taxation amounts received by entities for selling prescription drugs, hearing aids, or prosthetic devices. The bill also includes exemptions for amounts received by employee benefit plans for services provided in selling these items. The changes are set to take effect on July 1, 2025, and will be repealed on January 1, 2027.

Exempts certain amounts from taxation, including those related to hearing aids and prosthetic devices.

This bill amends Hawaii Revised Statutes to exempt certain amounts from taxation. Specifically, it excludes from taxation amounts received by entities for selling prescription drugs, hearing aids, or prosthetic devices. The bill also includes exemptions for amounts received by employee benefit plans for services provided in selling these items. The changes are set to take effect on July 1, 2025, and will be repealed on January 1, 2027.