HI HB2032

Exempts groceries eligible for SNAP and WIC programs and nonprescription drugs from Hawaii's general excise tax to reduce costs for residents.

Excludes unemployment compensation benefits from state income tax and removes the option for state income tax withholding from unemployment payments.

Doubles the standard deduction for taxpayers earning under $100,000 (or $200,000 for joint filers), increasing deductions from $2,200 to $4,400 for single filers and $4,400 to $8,800 for joint filers.

Repeals previously scheduled incremental increases to standard deduction amounts that were set to phase in between 2023 and 2030.

Expands the low-income household renters' income tax credit by increasing eligible income thresholds and credit amounts.