H.B. 1188 Summary

• Adds a new exemption (subsection 12) to Hawaii's general excise tax for businesses that relied on county, state, or federal funding during state-mandated COVID-19 shutdowns.

• Qualifying businesses receive a one-year exemption from general excise tax liability.

• Businesses may only qualify for this exemption once; those who previously received it are ineligible.

• Exemption applies to section 237-23, Hawaii Revised Statutes, and takes effect July 1, 2021.