HI HB350

Exempts all gross proceeds from the sale of medical services from Hawaii's general excise tax effective for taxable years beginning after December 31, 2017.

Defines "medical services" as professional services provided by state-licensed hospitals, medical clinics, and facilities, plus services rendered under 16 specified Hawaii Revised Statutes chapters covering various health professions.

Intended to reduce the cost-of-living impact on Hawaii residents by lowering the general excise tax burden on medical service transactions.