HI HB2484

Updates Hawaii income tax law to conform to the Internal Revenue Code of 1986 as amended through December 31, 2023 (previously conformed only through December 31, 2022)

Applies to taxable years beginning after December 31, 2023 for income tax purposes and to decedents dying or taxable transfers occurring after December 31, 2023 for estate and generation-skipping transfer tax purposes

Makes operative various provisions of federal public laws relating to pandemic relief programs, including Paycheck Protection Program loans, Economic Injury Disaster Loans, and restaurant revitalization grants, while excluding recovery rebates from gross income

Updates Hawaii's estate and generation-skipping transfer tax law to conform to federal subtitle B of the Internal Revenue Code as amended through December 31, 2023

Effective July 1, 3000 (note: apparent typographical error in bill text; likely intended as July 1, 2024)