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HI HB1145
Bill
Status
3/4/2025
Primary Sponsor
Nadine Nakamura
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AI Summary
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Updates Hawaii's income tax conformity to the Internal Revenue Code from December 31, 2023 to December 31, 2024 for all taxable years beginning after December 31, 2024
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Updates Hawaii's estate and generation-skipping transfer tax conformity to the Internal Revenue Code from December 31, 2023 to December 31, 2024 for decedents dying or transfers occurring after December 31, 2024
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Makes Sections 1, 2, and 3 of Public Law 118-148 (Federal Disaster Tax Relief Act of 2023) operative for Hawaii tax purposes
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Continues existing Hawaii provisions recognizing federal tax treatment of COVID-19 relief programs including PPP loan forgiveness, EIDL grants, restaurant revitalization grants, and recovery rebate payments
Legislative Description
Relating To Conformity To The Internal Revenue Code.
Income Tax
Last Action
Received notice of the discharge of all House Conferees (Hse. Com. No. 457).
4/2/2026