HI HB2313

Amends Section 235-2.4(e) of Hawaii Revised Statutes to repeal the provision that excludes gambling losses (section 165(d)) from income tax deduction eligibility.

Removes the restriction that previously prevented taxpayers from deducting gambling losses for federal income tax purposes under Hawaii's tax code.

Maintains the $100 limitation per casualty for personal casualty losses and the special rules for federally declared disasters.

Takes effect upon approval and applies to taxable years beginning after December 31, 2008.

Requires all other acts passed during the 2010 Regular Session relating to this section to conform to this Act unless they specifically provide otherwise.