HI HB2285

Amends Hawaii's estate and transfer tax law to add a definition of "Internal Revenue Code" that excludes federal sections 2011 and 2604 as they existed after December 31, 2000.

Modifies definitions of "federal credit," "generation-skipping transfer," "gross estate," "personal representative," "section 2011," "taxable estate," and "transfer" to reference specific versions of the Internal Revenue Code frozen at December 31, 2000.

Updates the definition of "taxable estate" to include section 2058 of the Internal Revenue Code for estates of decedents dying and generation-skipping transfers after December 31, 2004.

Applies to property or interests passing from individuals who die after December 31, 2009, and to generation-skipping transfers after that date.

Automatically repeals on December 31, 2010, with section 236D-2 Hawaii Revised Statutes reverting to its prior form unless extended by subsequent legislation.