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HI HB1429
Bill
Status
1/25/2023
Primary Sponsor
Linda Ichiyama
Click for details
AI Summary
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Reduces general excise tax on retail sales of groceries to 3% in 2024, 2% in 2025, and 1% in 2026, replacing the standard rate under section 237-13.
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Eliminates general excise tax on groceries entirely beginning January 1, 2027.
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Reduces general excise tax on retail sales of nonprescription drugs to 3% in 2024, 2% in 2025, and 1% in 2026, replacing the standard rate.
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Eliminates general excise tax on nonprescription drugs entirely beginning January 1, 2027.
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Takes effect January 1, 2024; preserves county surcharges and general excise tax on wholesale sales of groceries and nonprescription drugs.
Legislative Description
Relating To The General Excise Tax.
General Excise Tax
Last Action
Referred to ECD/HLT, FIN, referral sheet 3
1/30/2023