HI HB364

Establishes an annual five-day tax exemption period during the last full week of July (Wednesday through the following Sunday) for specified retail items to stimulate economic activity.

Exempts from general excise tax: books under $50, clothing items under $100, computers/software/supplies under $1,500 total, and school supplies under $15 per item.

Excludes commercial-use computer systems, furniture, and items purchased through mail, telephone, email, or internet orders from businesses outside Hawaii from the exemption.

Requires retailers to pass all tax savings to purchasers without price increases and maintain clear records identifying item type, sale date, and sales price for each transaction.

Takes effect July 1, 2112.