HI HB445

Amends Section 236E-6 of Hawaii Revised Statutes to replace the current estate tax exclusion amount with a specific dollar amount to be determined (shown as blank in the bill text).

Removes the previous exclusion framework that tied Hawaii's estate tax exclusion to the federal applicable exclusion amount or the exemption equivalent of the unified credit as of December 21, 2017.

Applies to decedents dying or taxable transfers occurring after December 31, 2020.

Effective date is January 1, 2050.