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HI HB1273

Bill

Official Source

Status

Introduced

1/25/2023

Primary Sponsor

Elijah Pierick

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Repeals Chapter 236D (inheritance tax) and Chapter 236E (estate tax) of the Hawaii Revised Statutes
  • Effective for taxable years beginning after December 31, 2023
  • Legislature finds that inheritance and estate taxes constitute double taxation since money was already taxed when initially received
  • Eliminates Hawaii's state-level inheritance and estate tax obligations

Legislative Description

Relating To The Repeal Of Inheritance And Estate Tax.

Last Action

Referred to ECD, FIN, referral sheet 3

1/30/2023

Committee Referrals

Economic Development1/30/2023

Full Bill Text

No bill text available