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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

2024 Regular Session

AI Summary

HB 1273 Summary

  • Repeals Chapter 236D (inheritance tax) and Chapter 236E (estate tax) of the Hawaii Revised Statutes
  • Applies to taxable years beginning after December 31, 2023
  • Legislature finds that inheritance and estate taxes constitute double taxation, as the money was already taxed when initially received
  • No replacement revenue or alternative tax measures are specified in the bill

Legislative Description

Relating To The Repeal Of Inheritance And Estate Tax.

Last Action

Carried over to 2024 Regular Session.

12/11/2023

Committee Referrals

Economic Development1/30/2023

Full Bill Text

No bill text available