HI HB933

Reduces the general excise tax rate by 0.5% on groceries eligible for purchase under the Supplemental Nutrition Assistance Program (SNAP) or Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), beginning January 1, 2026

Applies the reduced grocery tax rate to all purchasers regardless of whether they qualify for SNAP or WIC benefits

Reduces the general excise tax rate by 0.5% on nonprescription drugs beginning January 1, 2026

Requires the Department of Business, Economic Development, and Tourism to conduct an economic cost-benefit analysis on the tax reductions and submit a report to the legislature by December 1, 2026

Effective date set at July 1, 3000 (placeholder date indicating the bill requires further action before implementation)