HI HB418

Reduces the tax liability threshold requiring electronic funds transfer payment from $100,000 to $50,000 for general taxes under Hawaii Revised Statutes section 231-9.9(a).

Reduces the annual withholding tax liability threshold requiring electronic funds transfer from $40,000 to $20,000.

Authorizes the Director of Taxation to require electronic filing and payment for any person required to electronically file federal returns or remit federal taxes, regardless of state tax liability threshold.

Allows the Director of Taxation to grant exemptions from electronic filing and payment requirements for good cause.

Effective date is July 1, 2030.