HI SB272

Excludes unemployment insurance benefits received under the employment security law from gross income, adjusted gross income, and taxable income under Hawaii state income tax law.

Adds a new paragraph (14) to section 235-7(a) of the Hawaii Revised Statutes to codify the unemployment benefits exclusion.

Applies to taxable years beginning after December 31, 2008.

Preserves the amendment when section 235-7 is reenacted on January 1, 2013, pursuant to Act 166, Session Laws of Hawaii 2007.