HI HB625

Establishes an annual general excise tax holiday in Hawaii during the last Friday in July through the following Sunday, exempting purchases under $2,000 from general excise tax.

Requires all tax savings from the holiday to be passed on to consumers by sellers with no price increases.

Excludes age-restricted products (tobacco, alcohol), airport sales, rebates, layaway sales, items for resale, internet/mail orders, rentals, and taxable services from the exemption.

Applies only to businesses operating with a general excise tax license; retailers must maintain records identifying item type, sale date, and sales price during the holiday period.

Prevents pricing manipulation by prohibiting separate pricing of bundled items, averaging "buy one, get one" promotions, or excluding shipping charges from the $2,000 threshold.