SB530 Summary

• Exempts from Hawaii's general excise tax the sale of prescription drugs, hearing aids, prosthetic devices, durable medical equipment, and mobility enhancing equipment when sold for human use.

• Exempts repair and replacement parts for the above-listed medical devices and equipment from general excise tax, but excludes service charges for selling these items.

• Expands the definition of "prosthetic device" to include replacement, corrective, or supportive devices worn on or in the body to artificially replace missing body parts, prevent/correct physical deformities, or support weak or deformed portions of the body.

• Defines "mobility enhancing equipment" as equipment that provides or increases ability to move from one place to another, appropriate for home or vehicle use, not generally used by persons with normal mobility, and excludes standard motor vehicle equipment.

• Effective for taxable years beginning after December 31, 2050.