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HI SB2834

Bill

Official Source

Status

Passed

4/15/2010

Primary Sponsor

Clayton Hee

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Allows gambling losses to be deducted up to the amount of gambling winnings for Hawaii state income tax purposes
  • Brings Hawaii into conformity with the Internal Revenue Code treatment of wagering winnings and losses
  • Eliminates confusion for taxpayers who travel to gambling destinations
  • Supported by the Department of Taxation and received comments from the Tax Foundation of Hawaii
  • Recommended for passage by the Committee on Finance

Legislative Description

Hawaii State Income Tax; Establishes Wagering Loss Deduction

Last Action

(S) Act 023, 4/15/2010 (Gov. Msg. No. 480).

4/15/2010

Committee Referrals

Ways and Means1/28/2010

Full Bill Text

No bill text available