HI HB2652

Adds definition of "immediate family member" to Hawaii Revised Statutes Section 236E-2, including spouse, child, sibling, parent, grandparent, grandchild, stepparent, stepchild, stepsibling, and equivalent adoptive relationships.

Amends Section 236E-7 to allow the marital deduction under Internal Revenue Code Section 2056 to apply to property passing to any immediate family member, not just spouses.

Eliminates the deduction for state death taxes paid under Internal Revenue Code Section 2058 in calculating Hawaii taxable estate for both residents and nonresidents.

Applies to decedents dying or taxable transfers occurring after December 31, 2023, with an effective date of July 1, 3000.