HI SB927

Amends Section 235-9.5 of Hawaii Revised Statutes to modify the tax exclusion for stock options and stock income from qualified high technology businesses.

Expands eligibility for the tax exclusion to include: (1) employees, officers, or directors of qualified high technology businesses, and (2) investors who qualify for the high technology business investment tax credit under Section 235-110.9.

Caps the annual tax exclusion at $50,000 per taxable year, with income and proceeds exceeding $50,000 subject to applicable income tax rates.

Applies similar provisions to options and equity interests in entities other than corporations.

Effective upon approval and applies to taxable years beginning after December 31, 2020.