HI HB1181

Increases the basic standard deduction for Hawaii state income tax purposes: $5,500 for joint returns or surviving spouses (previously $4,400); $4,015 for heads of household (previously $3,212); and $2,750 for single filers and married filing separately (previously $2,200)

Doubles the personal exemption amount from $1,144 to $2,288 per exemption for taxable years beginning after December 31, 1984, with an additional exemption available for taxpayers or spouses age 65 or older

Applies to taxable years beginning after December 31, 2014, but is set to take effect on July 1, 2030

Maintains existing rules regarding nonresident deductions, dependent exemptions, and Internal Revenue Code provisions related to standard deductions